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To: oldirtybastard who wrote (4287)10/8/2002 6:24:02 AM
From: mish5000  Respond to of 10157
 
Some Excellent points ODB.... This is a wonderful technique employed by CNBC and the news corps to 'justify' the TA to the masses.

Do you think we are ever likely to see the HEADLINE: "BIG WALL STREET SELL-OFF CAUSED BY BEARISH 3 BLACK CROWES CANDLE FORMATION"....hardly.... More Likely is "MICROSOFT TAKES HIT AS BILL GATES ADMITS WINDOWS XP2 RUNNING 2 DAYS BEHIND RELEASE SCHEDULE".......

My Faves are the totally irrelevant ones like -

"stocks tumble DESPITE DELL not changing -3% 'growth' Outlook for the QTR"

or

"Despite Chairman Greenspan's assuring words that Recovery is on track for 2020 - the slide in Stock prices continues."

This is why I have almost eradicated reading "the news" from my list of things to do....Just more noise to confuse you.......The TA is most 99% correct.