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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 652.53-1.5%Nov 20 4:00 PM EST

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To: Ramsey Su who wrote (12302)4/29/1999 12:15:00 AM
From: marcher  Read Replies (1) of 99985
 
Ramsey,

>>the scary part about the DOW wild swings is the thought of who is
responsible? I don't think day traders, in the aggregate, have enough
money to be swinging these huge caps.<<

I've been wondering the same. My guess is that Asian money is a large part of the net phenomenon. Seems that Americans are too individualistic to jump on that bandwagon so consistently...we gotta "do it my way" (Frank Sinatra?) -g- It would be interesting to know just how much money newbie daytraders are trading.

Best of luck
--Marc
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