Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: marketbrief.com who wrote (4360)	9/22/1999 9:48:00 AM
From: TraderAlan	Read Replies (1) \| Respond to of 18137

S$, Here's a Q&A from a student a while back on this subject: "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