DislikedIf you get swept up with all the paranoia of any National Bank intervention, you are sure to lose.
The beauty about technical analysis is that no-one, NO-ONE can hide.
Everything that is done by any major institution is reflected in our PRICE charts. Yes, there may be anomalies on a daily basis which will suck the novices and amateurs in but, over time, the market stabilises, balances itself out and gets back in equilibrium.
Our concern is nothing compared to that of the big boys - do they follow the intervention or continue their strategy?...Ignored
We are all familiar with the Soros versus BOE match-up in the early 90's - and who emerged the eventual winner when all 15 rounds were complete!
However, I would ask the question " how big is the BOJ as a player, if they decide they really do want to play and this is more than just a warning shot"?
You say we are looking for the footprints left by the big boys. Is BOJ wearing size 13 jack-boots or kiddy slippers?