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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: TraderAlan who wrote (4405)	9/24/1999 9:05:00 AM
From: Dominick	Read Replies (1) \| Respond to of 18137

TraderAlan: <<The market is being driven off dollar-yen fear.>> That puzzles me. Approx.80% of market shares are traded by institutions. Their modus operandi is long term. Dollar-Yen activity is a daily occurrence. To react to Dollar-Yen activity is contrary to its reason for buying and holding stocks for an average of 3 to 5 years and has got to be costly in terms of various fees. Also, exports are roughly 12 to 15% of GDP. That no major impact. Options and Futures are used for hedging but I don't believe most are exercised. So I really don't understand all this daily trading based on economic data which is contrary to their institutional mission of buying and holding value and growth stocks. I'm beginning to wonder if we didn't severely underestimate the number of day traders out there. :) Dominick