MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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To: donald sew who wrote (13144)	5/7/1999 1:15:00 PM
From: Ramsey Su	Read Replies (1) of 99985

If the report was so good, then why isnt the DOW up 200-300 points? Donald, that is why TA is superior to FA in some circumstances. Not intending to insult anyone, most investors are clueless as to what these economic report means anyway, not to mention how it will influence their respective investments. So why is xxx new unemployment claim better than yyy new housing starts? Simple, because "they" say so. Bottom line is the market direction has been pre-determined by other forces while these "news" events are just the starting guns. I opine that short of something earth shattering, TA has already factored in all these miscellaneous factors to arrive at the current sentiments. Ramsey

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