DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Rose McHale who wrote (1400)	6/28/1999 8:39:00 AM
From: TraderAlan	Read Replies (2) of 18137

Rose, Here some insight on this from a Q&A with one of my students: Q - Can Robertson & Stevens also trade if they making a "call" on Intel. A -Sure they can. That's why it's not a fair marketplace. BUT consider one phenomenon that's hard for fundi types to understand but somewhat easy for us esoteric technical types. It's also a very powerful concept: fundamental information will come out right at classic support and resistance points. It's almost as if they knew the charts (but probably don't). This can be viewed mystically BUT there's a very good objective reason. S/R points are where significant positions exist, often with insiders. Price nearing these points quickens decision making on the part of many big wheels who have money to gain or lose when these points are violated. "Magically" news items come out, causing gaps through these points or major reversals. This is one reason why fundi and technical are very intertwined. Alan hardrightedge.com

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