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View Full Version : May 11th 2010 - Buy the Rumour – Sell the Fact


jayp
May 11, 2010, 06:45 PM
Buy the Rumour – Sell the Fact

It was mainly about politics today. The rumour’s of possible resignation of the British Prime Minister allowed for a progressive move up from the open through various key levels into an expected time and price at Trading da Numbas (TdN), from where the release of the news and the recommendation of the appointment of the successor provided the counter move into the close.

The prior day’s closing position and levels allowed for a strategy for the move down in overnight/globex followed by the action described above from the start of the day’s regular trading session.

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