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Hi
So far as reaction to news is concerned, Moyihan in
"Trading on Expectations" makes a good point:
"How Joe Public reacts to the news is dependent upon
where you are in the trading cycle. If in a continuing
bull run e.g., by the end of the day, bearish news is
discounted and "for 'x' reasons" , the market continues
its bull run."
For me, the influence of news depends on the timeframe
you are trading - the more short term the more you are
subjected to its influence.
Longer term traders can wait to get in the knee jerk
responses.
regards
ray
R Barros
101/25 Market Street
Sydney NSW 2000
Australia
e-mail: ramon@xxxxxxxxx
tel: 61 2 92673470
fax: 61 2 92673478
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