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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: John Carson who wrote (33295)11/12/1999 11:21:00 AM
From: Benkea  Respond to of 99985
 
"Can anyone explain what is going on today? Seemed like great economic news today but the market is selling off on the news. How is that possible?"

Do you think any of the news was already baked into the parabolic cake? :)



To: John Carson who wrote (33295)11/12/1999 11:25:00 AM
From: Stephen  Respond to of 99985
 
John, the market was weak because people in the 'know' knew the Intel downgrade was going to be announced this morning. The market tanked on the news ... and now the news is history and the market only ever goes up ... so the buy the dip has worked once more !.

If you already know this, I apologise for stating the obvious !

Stephen