Can anyone tell me what the point is of Michigan sentiment, or
any other sentiment for that matter, or jobs data for that matter,
it dosnt matter whether the news is GOOD or BAD we still grind
higher, this has got to be some kind of joke.
In a corny way, you justify the validity of BPT which is based
purely on technicals...and rightly so
Personally I have done much better following technical set ups
and the "news" coming from the technical readings than I ever have
following the macro news
Guess do what I do which is to not follow the news and don't
forget, markets are a forward pricing mechanism
I Have a question
Posted by parki48 on 10th of Dec 2010 at 07:32 am
Can anyone tell me what the point is of Michigan sentiment, or any other sentiment for that matter, or jobs data for that matter, it dosnt matter whether the news is GOOD or BAD we still grind higher, this has got to be some kind of joke.
In a corny way, you
Posted by vimal on 10th of Dec 2010 at 08:03 am
In a corny way, you justify the validity of BPT which is based purely on technicals...and rightly so
Personally I have done much better following technical set ups and the "news" coming from the technical readings than I ever have following the macro news
Guess do what I do which is to not follow the news and don't forget, markets are a forward pricing mechanism
ain't seen nothing yet....watch 'em
Posted by marketguy on 10th of Dec 2010 at 07:34 am
ain't seen nothing yet....watch 'em after it's announced today at 9:55am est....they'll put us in a whole new freaking orbit!