Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Susan Saline who wrote (18798)	8/5/1999 3:33:00 PM
From: LastShadow	Read Replies (1) \| Respond to of 43080

"we must remember ... it is 'small timers' ... like us ... who work from support and resistance ... that ultimately rule the market ... it is not the institutions" uhh...no. We don't make squat difference. The price the market makers/brokers/institutions are willing to go long or short a stock defines those support and resistance levels, not traders. There are an estimated 250k day traders (at the absolute most, including part timers), and perhaps 8 million online internet traders. Add up a $25k daily activity for the first bunch and an average $10k (and that is really high given the numbers I've seen out of eTrade, Schwab, etc.) for the latter group and you have about, oh, a tenth of the market dollar valued exchanged daily. It might make some difference on thinly trades stocks, or OTC, or even on some days when the mm is bored and needs to shake out afew buck in the churn, but the valuations are decided by people controlling a whole lot more than you might suspect. lastshadow