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Strategies & Market Trends : DAYTRADING Fundamentals

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To: E. Davies who wrote (5562)11/21/1999 5:35:00 PM
From: TraderAlan  Read Replies (1) of 18137
 
Eric,

Certainly don't think it's reason (or good P/E, value, etc) that drives the markets. The market often sharply trends in one direction or the other in advance of important econ reports (or supposedly well-guarded news) and then turns out to be absolutely right.

Somebody knew something, it seems. The market rallying in advance of the new year tells me that the "smart money" doesn't think there will be an equal opportunity after 1/01. Are they right? Does it really matter <g>?

If you look at index charts, you rarely see one trend give way to an opposite trend in a single bar or two. The future discounting mechanism appears to work very, very efficiently.

Alan
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