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Re: XAO Analysis

Hi OWG,

Totally agree with your comments here.

The media will always look for fundemental reasons to justify what the market did on a particular day. It really is just unbeleivable, and how they come to these conclusions is beyond me.

What I find very interesting though is, you may see for a example a technical pattern, be it with EW, Gann, or just any TA pattern analysis. You weigh up the probabilities, take a trade and the market does what your analysis says it has a good chance of doing. It's so strange how these TA related setups seem to coincide with news releases or events. But there is a difference, with the news, sometimes not everybody knows when they will be released or what sort of news will be handed out. The chart, everyone has access to!

There is a lot more to this than most people think

All the best

STONER

<blockquote data-quote="stoner" data-source="post: 355890" data-attributes="member: 21572">Re: XAO AnalysisHi OWG,Totally agree with your comments here.The media will always look for fundemental reasons to justify what the market did on a particular day. It really is just unbeleivable, and how they come to these conclusions is beyond me.What I find very interesting though is, you may see for a example a technical pattern, be it with EW, Gann, or just any TA pattern analysis. You weigh up the probabilities, take a trade and the market does what your analysis says it has a good chance of doing. It&#039;s so strange how these TA related setups seem to coincide with news releases or events.&nbsp; But there is a difference, with the news, sometimes not everybody knows when they will be released or what sort of news will be handed out. The chart, everyone has access to!There is a lot more to this than most people thinkAll the best STONER</blockquote>

[QUOTE="stoner, post: 355890, member: 21572"] [b]Re: XAO Analysis[/b] Hi OWG, Totally agree with your comments here. The media will always look for fundemental reasons to justify what the market did on a particular day. It really is just unbeleivable, and how they come to these conclusions is beyond me. What I find very interesting though is, you may see for a example a technical pattern, be it with EW, Gann, or just any TA pattern analysis. You weigh up the probabilities, take a trade and the market does what your analysis says it has a good chance of doing. It's so strange how these TA related setups seem to coincide with news releases or events. But there is a difference, with the news, sometimes not everybody knows when they will be released or what sort of news will be handed out. The chart, everyone has access to! There is a lot more to this than most people think All the best STONER [/QUOTE]

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