I've often found Kirby that news accompanies key patterns in price and wave counts. The big money just uses the news as a catalyst to take it the direction they wanted it to go anyway.
When the wave counts are set up for a run up or down, the markets are typically going to take it that way no matter what the news is. Have you ever noticed that there are many times when news hits that seems to be really bad but the markets go up instead? Or when news is really bad and the market rallies? That's because the real money already had things planned out which way they want it to go...which makes the news more myth than reality. That's a key component of Elliott Wave theory thinking...news doesn't really move the market more than for a short period of time...the market moves the market.
The whole idea behind that is that when you look at a chart, you're not really looking at price action...you're looking at human psychology. Why? Because human beings are behind the market at every turn. Even when the trading is done by automated trading systems like HFT's (high frequency trading), the algorithms that are the base for those automated systems are written by human beings. So really you're looking at human sentiment in the charts, not price action.
So instead of traders, we're really psychologists trying to get into the mind of a patient...namely, the big money boys.
News 
Market Data 
Discover 
