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

To: Hockeyfan who wrote (8635)	6/5/2000 6:03:00 PM
From: Bilow	Read Replies (1) \| Respond to of 18137

Hi Hockeyfan; Re the 100-year mean reversion &c. Sure, we are going through a technological revolution, but that is nothing new. They went through one during the 20s. These things come and go, but the market is always here. Eventually, the technological revolution will come to completion, and the economy and stocks will have to revert to their dismal ways. But the fact is that for a "daytrader", none of this matters. 100 years is too long for a daytrader to care about, which was the point of my previous posts. Incidentally, note that we have rebounded nicely from all the doom and gloom posted here a week ago. I don't know if we have already seen the top in the big bull market or not, but that doesn't matter. A daytrader needs to just trade each day well, and modify his behavior if it is no longer conforming to profitability. -- Carl

To: Hockeyfan who wrote (8635)	6/5/2000 6:28:00 PM
From: TraderAlan	Read Replies (2) \| Respond to of 18137

Hock, <paradigm> I can't wait for the new paradigm that gets rid of the word paradigm. Actually most of what you're saying here has been argued for the last 6 years. The real test will come near the end of this economic cycle. The typical pattern should produce a slagflation type environment. So if that doesn't happen, that's good news. The big problem is that many members of the new economy are so in love with themselves that they can't see that they aren't really contributing anything. That's about 40-50% of Silicon Valley right now, with the other 50-60% actually making a difference. Alan