The issue with TA is that there are so many indicators that even read independentaly of each other countless people can come up with countless conclusions. Take indicators and apply them in sets and even more possibilities of positive or negative reads will occur.
It is true that some indicators are generally given more weight and used more often than others, but nonetheless TA is a field where a room full of analysists will give you a room full of opinions, except perhaps in the most aggregiace of circumstances.
I suppose that the moral of the story is that each person using TA must come up with their set of indicators that gives them a satisfactory investment return and stick with them. But for anyone person to say my TA is right and yours is wrong is disengenious and means little. I suggest sticking to the KISS rule for applying TA, this way you avoid needless hours of analysis and you won't be second guessing yourself when some one has a differing opinion.
As for SLJB, my technical analysis is that, well, what is the point?
PPS predictions for the upcoming week anyone?
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