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Why Are We Rallying on Bad News?!: Power Trading Radio listener Amy, sent in a great question about why the markets rallied in the face of bad news and a double dip recession. Merlin breaks this question down and applies elements of multiple time frame analysis to the way that people...

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Power Trading Radio listener Amy, sent in a great question about why the markets rallied in the face of bad news and a double dip recession. Merlin breaks this question down and applies elements of multiple time frame analysis to the way that people relate to news and information. Steve Misic joins the program to share his thoughts on the subject, and reflect on how the recent news has moved the markets in the short term, as well as how it might move things going forward. Steve addresses a listeners question about his “Channel Breakout Strategy”, and tries to clarify its uses in today’s markets vs. trending markets. Merlin points out the importance of trading slower assets first, then moving up to faster vehicles and Steve points out what the slow, medium and fast currency pairs are. PowerPick: SGEN

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