Quote:
Originally Posted by r0wr
Vanity I'm curious why you put so much thought into the news. Most chartist uses nothing but the numbers yet you seem to put a lot of emphasis on the news. Not trying to hate on your style; I'd just like your thoughts on this. Also, don't you think a lot of this news is already been priced in?
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IMO, I ignore a lot of the news. I hate CNBS a lot sometimes because it's quite evident what they try to do to misinform people. What I do look at are "events". Trading news and trading on charts, either one alone sucks because you need both for context. News will tell you which charts to look at, IMO. If I'm expecting a meltdown at JPM to take down the markets, I'm going to look at 2008 charts with Lehmans, and not 2010, for example.
As for things being priced in, cough cough, it's three years later and we still fret over Greece. "Priced-in" is sometimes a cop out by the bulls to ignore things. IMHO. Not directing that to you.