The Impact Of News On The Markets
The news is one of the greatest single elements affecting free trade. .
.The impact of news is so great that a speculator holding a market position
according to a purely technical system would do best not reading, listening
to, watching, or in any sense being exposed to news that might be cause for
deviating from the system.
–Perry J. Kaufman, from Trading Systems and
Methods, 3rd edition (1998,
John Wiley & Sons, New York).