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dmlabuda

06/01/11 1:46 PM

#15954 RE: mrsdoubtfire #15949

I can't comment on the trial, I know nothing about it and I don't really care. I trust that someone knows more than I do and what they know is being reflected in the price action of the stock.

I'm basically a swing trader and use technical analysis to make by buy and sell decisions. I read the more interesting new articles from time to time but, I NEVER try to figure out the market impact of an article because the price movement always accurately reflects the actual interpretation of the news by the majority of the traders. That is why you might read something which you view as bullish only to watch the market decline for several weeks afterwords and don't really understand why. I view the news as propaganda only.

Why is the market rallying here? I don't have a clue for the fundamental reason but, technically speaking, there are a lot of people who believe the price will go higher over the long term and I'm better they are right, at least for a while.