Yes the Dow tanked and ended yesterday's session 265 points lower and most financial news agencies blame it on the rising global concerns and deteriorating outlook for world growth. But just one day ago when the Dow reverse a 140 points deficit to close slightly negative after the Fed issued its statement, they claim it was good that the Fed is being accommodative with the monetary policy and it is healthy for the economy. So which is which? What and who will you believe? Like i said earlier the market is near a top judging from a sentimental point of view and it is vulnerable to a pullback base on any kind of data. My point is that if you are making use of information from the media as part of your analysis you must be able to process it and absorb what is useful not to you but to what really might affect the financial markets.
One more thing. I have always think that all kinds of market analysis done should be clear cut and arrive at a definite conclusion. If you are the kind where you think that one should not be bias, always have a neutral view to be able to trade on both sides of the market and only trade what the market tells you and never anticipate, i think you fail to understand and most probably do not have a trading edge.
Think again, would you rather be a no-nonsense analyst that stick to your beliefs faithfully until the market proves you wrong or a half-fuck faggot that stand on the sidelines most of the time with no opinion making you prone to following the herd?
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