[markdown] How to apply color in Markdown?

I have started using Markdown to post some of my documents to an internal web site for in-house users. It is an easy way to have a document shared but not able to be edited by the viewer.

So, this marking of text in color is “Great”. I have use several like this and works wonderful.

<span style="color:blue">some *This is Blue italic.* text</span>

Turns into This is Blue italic.

And

<span style="color:red">some **This is Red Bold.** text</span>

Turns into This is Red Bold.

I love the flexibility and ease of use.