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Tide,
I think most of us probably lurk and print. For every post I make, I probably read a hundred others, maybe more. And I always print the good ones. The most valuable notebook I've ever made.
I agree with you that the market is crazy these days. Short term traders either need to be exceptionally quick and lucky, or sit it out and study and read a lot, which I'm doing. Long term investors are okay, of course, but I feel more comfortable in "all cash" until things settle a bit. The SPX shows large caps have done clearly better this year than the small caps (Russell 2000). The large caps are the leaders and the more likely winners, and I don't see that trend changing for a while.
What's wrong with this market now, though, is that it doesn't seem to be driven much by fundamentals, more on hype and hysteria. Stocks with no past or foreseeable profits are booming, and good stocks are tumbling. Who wants to play with these? A good time to either be on the side-lines or doing serious and very short-term daytrading.
By the way, one of the best books I've seen this year on daytrading is "The Underground Level 2 Daytraders Handbook" by Jea Yu, PredatorCorp. I'm re-reading it today as the DOW goes absolutely crazy, thinking of one more trip to the beach before summer ends. And taking no stock trading notebooks.
Bill
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