SE IL | dpilot83 - 4/1/2016 07:50
Perhaps I was not clear. There are some advisors who don't care about fundamental data (the data you're referring to) because it's not possible to know all the fundamental data and therefore it's not possible to make good decisions based upon that incomplete dataset.
I know of at least one who I would guess would be happier if there were no USDA reports because then he would not have to try to explain to people why they should or should not worry about the report and could instead focus on indisputable facts (shown in the price charts).
I understand what you are saying, but. I think the market movers are proactively looking at their own S&D (as well as other factors) well in advance of any govt report and the release of the report validates (or not) their own work. Then after the report you see the effects of the reactive crowd. In other words, price action is ruled by expectations. But different sets of traders have different time horizons in which to form those expectations. And, price expectations are guided by perceived fundamental factors. Now, I'm sure that this would create a pattern that a student of charts could capitalize on without regard for any fundamental info but those traders wouldn't necessarily be the main drivers. Or is this all BS and price moves randomly without regard to any fundamentals? |
So did any oracle have it right?
