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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Hockeyfan who wrote (8635)6/5/2000 6:03:00 PM
From: Bilow  Read Replies (1) of 18137
 
Hi Hockeyfan; Re the 100-year mean reversion &c.

Sure, we are going through a technological revolution, but that is nothing new. They went through one during the 20s. These things come and go, but the market is always here. Eventually, the technological revolution will come to completion, and the economy and stocks will have to revert to their dismal ways.

But the fact is that for a "daytrader", none of this matters. 100 years is too long for a daytrader to care about, which was the point of my previous posts.

Incidentally, note that we have rebounded nicely from all the doom and gloom posted here a week ago.

I don't know if we have already seen the top in the big bull market or not, but that doesn't matter. A daytrader needs to just trade each day well, and modify his behavior if it is no longer conforming to profitability.

-- Carl
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