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Re: was Steve post# 8322

Monday, 03/15/2004 6:46:32 AM

Monday, March 15, 2004 6:46:32 AM

Post# of 37180
We have psychological pattern change---market is now reacting to exogenous news the past week and today.
When bull is lathered it doesn't respond to nearly anything.
Todays news--car bombs found in front of U.S.Embassy in Karachi/Spain socialist party has major upset in Spain and the PM-elect announces Spain is pulling out of Iraq/Spain bombings confirmed Al Queda linked via Morocco.Those news items when Bull is lathered would be ignored.
I can see no other reason for futures being so bad. NDX -11.

But we have numbers between 8:30a.m. and 9:15a.m.
See if futures react to them. 2nd number is consensus estimate. Third number is prior. 1st number Breifing.com estimate
Mar 15 08:30 NY Empire State Index Mar
37.0 38.9 42.05

Mar 15 09:15 Industrial Production Feb
0.6% 0.4% 0.8%

Mar 15 09:15 Capacity Utilization Feb
76.6% 76.4% 76.2%




He played his video game night and day.
The MAZE of Death.
But that is the game we all are in, the trick, don't believe it.Get above it all and imagine nothing is what it seems.Kill the machine.otraque

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