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

To: David N. Jones who wrote (5378)	11/13/1999 12:14:00 AM
From: Richard Estes	Read Replies (2) \| Respond to of 18137

any day that "market" is up, there are stocks heading down fast and hard and vice versa. It is the stocks you select to trade trend and direction that needs attention. I am not saying the "public" doesn't use the "market" to have a quick reference point. "the market was up/down today by xxx points". But what did it do for your stocks? You might decide to go short/long on market direction and it might increase success a bit. It still comes back to stock selection. Even if "market" and your stock had a postive correlation. you would see it in your stock's action. SLNK went up 47% today, LWIN went down 18%. Were they correlating with market? Since this topic is directed towards Daytrading or real short term sometimes, It might make less sense to follow market. The long/short aspect may be more applicable in longer terms. You need a significant change in trend to put it on your side.