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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Dave Gore who wrote (46651)4/16/2000 1:59:00 PM
From: 10K a day  Respond to of 99985
 
The Few.
The Proud.
The DAYTRADERS.
.4 Percent of Daytraders.
with 30 percent of Nasdaq volume....
Is that for real?
Is that
Unbelievable.
Or what.
Could we Recruit a Million More !!
Could ,,,,Billy Clinton
stand up there.
AND SAY.
It's like driving a TANK!
You get in your TANK!
In your slippers,
in the morning.
And you start
BLASTING AWAY!
at Market Makers.
And somebody yells.
To your LEFT.
and you
BLAST AWAY.
And somebody yells
to the RIGHT.
and you
BLAST AWAY.
and you keep blasting,
until you run out of shells.
and then you say.
OH SHIT!
I ran out of shells.
I better get some shells back.
so you BLAST AWAY again,
and you imagine,
in your minds' eye,
that there is a market maker,
jumping back
20 feet,
in the air,
everytime you
BLAST AWAY,
and hit him,
right in the chops,
and they pay people
a lot of money,
to drive those tanks,
but the key is
in the numbers,
STRENGTH in numbers,
we are the few,
the proud,
but we want the numbers.....



To: Dave Gore who wrote (46651)4/16/2000 2:53:00 PM
From: Stephen  Respond to of 99985
 
Dave, Daytraders aren't the real problem imho ... its the market itself. It has lent itself to trading and the real volume is from the (historical)relative hyperactivity from money managers, brokerage houses and trading arms of major corporations. The retail daytrader may have impact on smaller stocks at some time ... but they are not as big an issue as one may suppose.

Stephen