Market Gems-Trading Strong Earnings Growth and Momentum Message Board

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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum

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To: Jenna who wrote (5445)	2/27/2001 8:44:43 PM
From: Dave Gore	Read Replies (4) of 6445

Jenna, you may be missing my point. I don't think shorters are causing anything and you're right, most don't short or can't, especially if they are trading from their IRA accounts. What I am saying is that we have now bought into the idea of quick money along with the idea that trading is very dangerous. Just who benefits when we trade more? Hmmmm.... The main point though is this....By going flat at the end of the day, we have created a Market where daytraders are controlling price actions more than before. It is less likely for things like follow through buying or selling to occur or momentum to build. I am not placing blame, just espousing a theory that I believe could be one cause of why this downturn has been so severe. I believe the game has changed and those that adapt to it are smart, but I am still sorry to see the game change, nevertheless. Of course you are right, there are certainly other bigger reason for stocks to fall like major block selling, but the above does not help create upside momentum, imo.

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