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TWIMO (151403908) : Wow! Fascinating chart… I always wondered if decision maker’s reacts to the charts or the charts depicts their actions. I hope it is the latter because we need confident leaders.
Anyways, I reckon neither party’s able to influence the market. Just don’t be as reckless as Morrison government damaging the wine and seafood industry…
Michael McCarthy CEO OP TWIMO (151403908) : it's a fascinating question, and it's amazing the number of times that technical analysis has forecast a market surprise. A colleague once wrote an article called "Is Fibonacci a member of the FOMC?" (The Fed's decision-making group) after the USD/JPY charts predicted a surprise Fed move. Chicken and egg?
TWIMO (151403908) Michael McCarthy CEO OP : Please tell us which is the more likely
one trader that I follow decided to Call on SPY and a few mag 7 stocks at that extreme oversell 2 weeks ago…. She got some real pleading and criticism for challenging markets seemingly searching for the bottom… boy did she call it correct…. all based on reading the technicals…. amazing…
Michael McCarthy CEO OP TWIMO (151403908) : It's an important principle - those seeking better than average returns must go against the crowd, at least some of the time.