Who Says Fundamentals Have No Value?

About a month ago I made the following post:

That said, volume may well build at the high....and maybe what the volume is saying right now is that we aren't there yet. Today I heard talk that the April jobs report may show a very large increase...on the magnitude of several hundred thousands net jobs. Right or wrong, perception matters. Then there are the earnings coming up in April....anyone hearing talk about poor earnings?

http://www.traders-t...mp;#entry511938

Following that we had a 50+ point rally in the ES based in part on employment numbers over 200K jobs, and now a couple of very good earnings reports. The point I was trying make back then was in reference to "perception". The perception that upcoming announcements would be positive. You really didn't need alot of indicators to catch that move, although admittedly a few finely tuned intraday techniques could certainly have helped.

Something to think about for the future. GOOG tomorrow night, and BAC and GE Friday morning.

IT

NYSE short interest. Lots of fuel.

Edited by selecto, 14 April 2010 - 05:11 PM.

NYSE short interest hits new record high

http://bigpicture.ty...short-inte.html

NYSE short interest hits new record high

http://bigpicture.ty...short-inte.html

The article was from July 2007.... Don't think it has that effect at this time..

Barry

I have always paid full attention to funnymentals and may be the main reason I can still play at a private golf club. However I also realize this is a board populated by TA people and they have every right to make fun of fundamentals.

Edited by pdx5, 14 April 2010 - 09:20 PM.