I want to totally disagree with your last line, but I realize it does not address TA per se, but rather says what has to happen, after all the bullshit is over. I do agree with that,, but it does give me a severe assburn to here stupid people chortle about FA v.TA etc. Bottom line? Stupid TA yields stupid results. FA is worse yes, but the true fundamentals underneath, will be detected by up-to-date TA, so that you will never know WHY, before you know WHAT, the What being the movement of the underlying stocks internal measurements. But it is no problem, for me, per se, as those who know, understand where to get the info. The Speedo on the Blog is a good indicator of where the GDX is, and tracking it helps you figure what is going on............