I am really starting to conform to the bullish stance. Over the past several days oil, gas, etcc has been up. Today the IRAN-British episode but yet everyone likes to dismiss these events. Everything is a buy. ALthough one housing number comes in of the charts. Anyway I know I complain about "manipulated markets, PPT, etc but this is something I have never seen and I've been trading over 15 yrs. Nothing seems to make sense. Please someone explain this to me or am I just completely out of the game.
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Blind Eyes
- Thread starter tubytrader
- Start date
You have to filter our the noise if you intend to go long in any market.
When there is a breaking story (subprime fallout, Iran, petfood recall, etc) you have to ask yourself:
1. Will this affect the profits and earnings of major companies?
2. What is the scope of the event? Does it affect many companies and industries or just a few?
When there is a breaking story (subprime fallout, Iran, petfood recall, etc) you have to ask yourself:
1. Will this affect the profits and earnings of major companies?
2. What is the scope of the event? Does it affect many companies and industries or just a few?
Quote from stock_trad3r:
You have to filter our the noise if you intend to go long in any market.
When there is a breaking story (subprime fallout, Iran, petfood recall, etc) you have to ask yourself:
Thanks Im just venting. I keep thinking and using t.a. that the mkt 'should' sell off abit-hell just down one day. BUt it just keeps going higher ignoring everything out there. BLind BULL
1. Will this affect the profits and earnings of major companies?
2. What is the scope of the event? Does it affect many companies and industries or just a few?
Quote from tubytrader:
I am really starting to conform to the bullish stance. Over the past several days oil, gas, etcc has been up. Today the IRAN-British episode but yet everyone likes to dismiss these events. Everything is a buy. ALthough one housing number comes in of the charts. Anyway I know I complain about "manipulated markets, PPT, etc but this is something I have never seen and I've been trading over 15 yrs. Nothing seems to make sense. Please someone explain this to me or am I just completely out of the game.
your noticing it toooooo. hmmm....
seems like the market isnt reacting to any such news. Im thinking 65-70 oil takes the DOW to 13,000+, why not.