      So far, we have assumed that all new information is releasedsimultaneously, that half of the information is bullish, and half isbearish, and that the weight of this information may or may not be equal.Now let's bring this picture into the real world. All information is notreleased simultaneously and new information is not always half bullish andhalf bearish. With three different variables to consider (time, bias, andweight), it is sometimes very difficult to interpret the reaction that thesum total of all market participants will have.