the_trade123
107 posts
msg #73138
- Ignore the_trade123 |
3/29/2009 9:24:30 PM
I am not sure how to put this. But usually which one precedes which? When does news come out about a company that it is strong etc? Are news items before the stocks start showing positive signs like macd improving, rsi improving or is it that once news comes out, the technicals start showing up?
Another aspect is the effect of market news. This can jolt even stocks with good technicals and good news one way or other. So when you think about it, how much statistically, would technicals even matter? One may spend 2 hrs sifting thru stocks and then find the next day morning, someone says something and market tanks, and all the technicals are void. Then you sit the same day look for stocks that have gone up purely based on technicals, mostly the ultra short etfs would be top of list (if you are lucky you will find some stock that has gone up that day) and then the next day, when market recovers from the tanking, these same etfs would tank.
So it is the broader market conditions that determine how good the stocks perform, even if technicals may look shining. Any other views/ideas?
|