|
what you say all makes sense, and is completely true, but my question is moreso, how would you estimate the direction of the market, do you find that if sentiment is negative (usually driven by an overnight or early morning news story), that during trading, hte index will generally get more and more negative?
reason I ask that is due to the recent late day rallies back to break even in the indicies, to me I always like to think that whatever news is out there from before open is baked into the indicies, and that any movement during the day is a result of either a) news from during market hours (which you can't predict), or b) major players doing things that I cannot control or know about (recent late day rallies, short covering, etc).
i find this kind of stuff fascinating as it is totally not how i trade (well, i don't really trade - and when i have done, its usually not worked out so well)
|