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Ray G · 30-05-2005, 17:43

The rationality of traders is an oxymoron huh.

The market is efficient, just not as quickly as we would like sometimes.

I've always adopted the mentality that the fundamentals are for the actual commodity or thing being traded while the technicals are for the traders themselves.

Example; keeping up with the news as we all do of course, the sentiment for the euro to go up is exceedingly high. Couple that with the "non" story and it's not too hard to see that the "non" wasn't factored in.

Its most closely akin to people that become emotionally connected to a favorite stock.

30-05-2005, 17:43	#7
Ray G level 1 Join Date: May 2005 Posts: 68 Downloads: 0 Uploads: 0 Rep Power: 4	Re: Did Bush discover some magic wand The rationality of traders is an oxymoron huh. The market is efficient, just not as quickly as we would like sometimes. I've always adopted the mentality that the fundamentals are for the actual commodity or thing being traded while the technicals are for the traders themselves. Example; keeping up with the news as we all do of course, the sentiment for the euro to go up is exceedingly high. Couple that with the "non" story and it's not too hard to see that the "non" wasn't factored in. Its most closely akin to people that become emotionally connected to a favorite stock.