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----- Original Message -----
From: Steve Walker <Steve@xxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, June 09, 2000 5:46 AM
Subject: [RT] Re: Friday's Direction - follow up
> And you never step in front of a major news item!
>
I beg to differ!
Actually I think it's a poor procedure to agonize over every economic
report, or fed meeting, earnings report, guru prognostication, etc etc.,
although you would never realize it from watching cnbc. You should either
trust in your technical signals or you shouldn't play. For a position trader
it's a chicken-s..t move to try and step around the news - You'll miss the
sweet part of the trade!
If the market is acting bullish (that's another story) the news will usually
comply.... and the other way around. It may sound strange but the markets
predict the news!
just one man's opinion,
Phil
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