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

To: aldrums who wrote (7250)	3/11/2000 4:28:00 PM
From: Dan Duchardt	Respond to of 18137

Mr. Ectomy, I interpret Lefervre's quote as referring to human nature, not to technological developments. The nature of man may well be one of the constants of the universe, but behavior is not. Behavior is influenced by opportunity, and opportunity is affected by technology. What has happened in Wall Street in the last few years has never happened before, and certainly was not predicted by Mr. Lefervre. Yes there are still fundamental forces of greed and fear at work. People still make money and still lose money, but look at the examples of how the technology has amplified the effect. We have people like Don who have make a fortune from a small stake in just a short time, and if you believe the statistics (I do) numerous people who have lost their small fortunes in even less time. Here's a chart the "proves" that nothing has fundamentally changed in the market. But we all know it has changed because of the dramatic increase in the participation of the masses. The old guard may have once feared the influence of government and the economy. What are they afraid of now? The government has (arguably) provided some measure of stability, and the economy is strong. But that can't get rid of you and me, and the threat of being replaced by the technology we use to circumvent them. This Wall Street is a different place than it used to be. siliconinvestor.com There will always be opportunity. Exactly, which is why I reacted to the suggestion that the current opportunity is a one time deal. Dan