The market's main trend stays the same.
August 03, 2012
By Elliott Wave International
Elliott Wave International has long observed that external events do not alter the dominant trend of financial markets -- not even major events like wars, natural disasters, terrorist attacks, political assassinations or any other news that makes headlines.
Now, it is true that news can sometimes have a near-term effect on market prices.
The July 26 opening bell is an example.
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