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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (28344)	2/22/2003 11:55:52 AM
From: Libbyt	Read Replies (1) \| Respond to of 57110

the market is going to go where it is going to go, regardless of news. IMO you are talking about "the big picture"...and I'm probably thinking about the smaller market moves. I do think the "mood" of investors can change the market direction for at least a short period of time. Maybe long term, then the news events are just "noise"....and the market will continue to trade based on other factors. If some news event is seen as very positive, then IMO that can start a rally...and likewise negative news can start a major sell off. So...if you are taking short term positions, then IMO there are many factors that can help you determine the market direction, and news and "market mood" are just one of those factors to consider.

To: Jorj X Mckie who wrote (28344)	2/22/2003 12:05:34 PM
From: J.B.C.	Read Replies (1) \| Respond to of 57110

Only one of the days this last week (or so) were confirmed with "internals" that confirmed an up move, I believe that was Thursday, when the indexes were slightly down they had a slightly (very slightly) positive bias. This is from yesterday's action, brought to you by the elves at DorseyWright: >>The NYSE saw 129 issues rising on their charts and 64 falling. There were 4 new buy signals given and 6 new sell signals given for a net loss of 2. There were 59 Upward Reversals and 11 Downward. Nasdaq saw 122 issues rising on their charts and 83 falling. There were 7 new buy signals given and 10 new sell signals given for a net loss of 3. There were 41 Upward Reversals and 28 Downward. Optionable Stocks saw 150 issues rising on their charts and 77 falling. There were 7 new buy signals given and 8 new sell signals given for a net loss of 1. There were 60 Upward Reversals and 14 Downward. The NYSE Bullish Percent fell by 0.08% and OTC Bullish Percent fell by 0.11%. The Optionable Bullish percent fell by 0.04%. <<