InvestorsHub Logo
Followers 0
Posts 943
Boards Moderated 0
Alias Born 10/16/2008

Re: baseball fan post# 8020

Thursday, 03/31/2011 10:36:40 AM

Thursday, March 31, 2011 10:36:40 AM

Post# of 12137
The skills that are central to trading involve frequent exposure to subtle patterns in the shift of supply and demand. Over time, these patterns are internalized, so that experienced traders develop a "feel" for markets. This is known as implicit learning. I am able to recognize the pattern, but cannot necessarily verbalize it. And, if you believe that, then I have another baseball tale to tell-ya.


Essentially, it the stock's price action that is telegraphing it's move. Positive news, would of course, help the the bullish case, but it is not necessary. The current rally in the equities market is a testament to that claim. In the face of very negative headline news and less than favorable economic news, the small cap market is on the verge of taking out the 2007 pre-crash highs, followed by the large caps, broader market, and the techs. For whatever reason equities are rallying, it is not because of positive news.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent CYRX News