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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 681.92-0.7%Dec 31 4:00 PM EST

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To: pater tenebrarum who wrote (47195)4/18/2000 10:07:00 PM
From: Bearded One  Read Replies (5) of 99985
 
My sources tell me that the day traders are gone-- wiped out due to the last few weeks craziness. They provided a lot of volatility in hot stocks and helped some of the larger players catch signals to run up stocks massively. They also probably helped generate a lot of excitement. What will be the effect of their demise?

Note that it won't be easy for them to come back-- several of the day-trading offices have closed, and they were a heavily margined group.
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