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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 680.44

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Dec 19 4:00 PM EST

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To: James Strauss who wrote (42376)	3/6/2000 11:00:00 AM
From: Michael Watkins	Read Replies (1) of 99985

James What you are describing is a stock pickers market... What you are describing is a momentum stock pickers market A subtle difference but different, in my books. Before you answer consider for every chart of todays hot momentum stock, I can find a chart depicting yesterdays / last weeks / last years "hot stock pickers stock" now belonging to the unloved and beaten down category. Including tech stocks. Momentum only "investing" is like musical chairs. All the participants think they can get out at the bid, but the reality is there's only one chair left and the rest are going to be out. I'm not suggesting momentum "trading" isn't highly profitable, but there's plenty of folks that are not going to get on that last chair when it ends. In life anything that is too easy to be true almost always ends up being so.

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