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Old 26-01-2004, 12:02   #45
rezo_s
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Well, I would still claim that anyone what uses technical analysis and wants to make deisision based only on TA, should ignore fundies as good as the one is able to. Me, for example, unless I exidently hear about news coming out, I dont even know when is the news and what is the news to come out. I remember some facts and days when I was using Fundes, and I know for example that on fridays there is a jobless claims of Us annownced and things like that, but usually I dont even look at the calendar. Many times I can give an example of entering before the news, or day before the news, and holding the position over and after the news - news and expectations are taken into the price action - only if there is avery strong mismatch it may be bad. But those who know what the smart money is, will understand why am I standing on this point of view. Smart money make technical analysis theory work most of the time in addtition to just expectations. Smart money is much more that expectation of masses. If technical indication is matching the sentiment - nothing can be better that that... ok, I will be telling too much now

GL,

Rezo
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