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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: mike60613 who wrote (33796)	5/16/2001 1:01:13 PM
From: iowamann, Spam Queen	Respond to of 100058

Mike, we have to define short and FA. I agree FA has little impact on short term trader. However, News is a different story. If you are talking minutes maybe you are right. However, I'm talking about the guy that may have read the technicals sais we were going down yesterday so he shorts the qqq yesterday at 2:10. In fact, I'd say that the longer your time horizon the less News has to do with the market. News creates the little bumps and dips we see. An exaggerated case is the spike after rate announcement yesterday, and that impacts the short time frame trader the most. Charts for the most part don't drive the market, they reflect the market.