Question by rocky9281: What makes majority of investors to enter the market-a news release or a technical buy/sell signal?
In other words,Does the market react more to a news release or a technical buy/sell signal?
Answer by shags1_23
The mass populous reacts more to news releases. But don’t expect the people to react in a rational way to the news. Sometimes good news causes prices to fall. There is a saying, “Buy the rumor; sell the news.”
Technical buy and sell indications are determined in different ways by different people. If four different technical analysts look at the same chart, you get four different opinions about what’s happening. Technical analysis is an art based on a science. Keep in mind, any type of report by a “master technician” is nothing more than news.
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