So, if a stock rises on perceived bad news, what does that tell us? when a news is not that good and investors consider it good news temporarily and drive the market higher,I consider that news as bad news to raise the flag, at least for myself. My experience shows that, the market adjusts itself and if the bad news is ignored for a longer period of time, the damage (future correction) to the market will be more severe.
Propensity to go up. Good point. And that propensity to go up is based on a flow of good and bad news with the good outweighting the bad.
Hi longs. This is from the saled urine as one of the folks called me in this thread Do you still question the prediction of a well seasoned investor like me?
we been so flat in the currency market, trading in a painfully tight band, it's to cry for! I suspect it's a major consolidation, building for a 10-cent+ (1000+points) one-way move. Traders are just hanging around making sure there's no more room in the USD upward swing move before its cracks start showing prompting them to go to war on the dollar. current E/$ 1.2021
By the way don't hold it against me if after 3 days, market rallies again. I told you at 3:17PM on Tuesday that market is good to short. I give you timely information and recommendation. Yes I also make wrong trades. Look at my picks to short. They are still good to short IMHO. To be safe, you can short QQQQ