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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Larry S. who wrote (29538)	3/2/2001 7:34:38 AM
From: Ron McKinnon	Read Replies (1) of 53068

>>>Was it an after hours over-reaction, or was today's late afternoon tech burst just an exhaustion run in the midst of the continued destruction Larry, it is simply the volitility of the market for a number of years the media flooded us with stories about "day traders" those little people that sat in front of a computer and hit the buy/sell buttons 500 times a day well in reality the day traders are the mutual funds, the institutions us little folks do not trade $5-10 billion a day of QQQ a rumor of a rate cut and the market moves 200 points a warning by xyz company and it falls 200 a 5% intraday move now is the norm there were times past when that was a month, or a year now it can be in 10 minutes for those like Nemer who are young and fast fingered and have a light speed net connection and can do a trade faster than an osprey can dive for a fish this swing action can be fantastic but to try to find a real basis for any of these swings is an exercise in futility it still pays to keep an eye on a 2 year chart using various T/A metrics to maintain an overall perception on the "real" trend

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