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Re: Technical Analysis: Is it voodoo? Or does it work?
Not all market participants make instant trading decisions so to say price instantly reflects all known events is just silly. News takes a while to digest and price takes a while to reflect the new fundamentals. The post-FOMC market reaction is a good example. Market participants were reacting to the statement at least 30 minutes after it was released.
Last edited by notouch; 04-04-2007 at 12:39 AM.
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