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Strategies & Market Trends : DAYTRADING Fundamentals
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To: Eric P who wrote (8004)4/26/2000 12:53:00 PM
From: TraderAlan  Read Replies (4) of 18137
 
Eric,

I'm sure that recent events have taken many folks out of the game. I saw it coming during my February presentation in NY. I've never spoken in front of so many novices that thought they were brilliant market technicians. I don't mean that in a mean way but it did flip me out a bit.

I then realized that Mr Market had a major cleanup job to do to bring balance back into the system. I suspect that a majority of the 500-600 folks that I spoke to that day are no longer in the game.

But this is really all S.O.P. It's what the market does best. Our job is to go on with life and wait for the next paper to come in the door <g>. Here's a promise: there will be a huge crowd of shiny, hopeful faces for us in Ontario come this August.

Alan
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