Post
Topic
Board Economics
Re: Martin Armstrong Discussion
by
Alex-11
on 02/08/2019, 06:21:14 UTC
That would mean that the reversals knew in advance that trump would open his fat mouth, sorry can't buy that.
Sometimes the news is only the catalyst for a trend that is in motion anyways or it coincidentally  happens that news is published near reversal points. Another possibility is that some market participants have insider knowledge  and the market is moving ahead of some news.
Sometime though, In my experience news will just blow away support or resistance of reversals. But there is a tendency that this doesn't happen.