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

To: Winston Lee who wrote (67495)	1/23/2001 11:57:07 AM
From: Crimson Ghost	Read Replies (2) \| Respond to of 99985

Market's ability to shrug off bad news is very impressive. But would still prefer to initiate new buying only on pullbacks.

To: Winston Lee who wrote (67495)	1/23/2001 8:14:10 PM
From: Shtirlitz	Read Replies (1) \| Respond to of 99985

You can ignore bad news for a while, but it doesn't mean they are going to go away. What TXN and DELL have said is very important: There is no demand for their products. And there is no improvement in sight. Fed can't help them. Market was selling for so long that it is simply tired of selling. They want to rally, they want to hope. Oncve again, market may ignore this for a while but the bad news will come back and bite it on the ass at some point later. Next quarter more compaines will come out and say that their markets are getting saturated, pricing pressures, brutal competition, you name it.