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To: pater tenebrarum who wrote (7041)7/28/2000 10:40:51 PM
From: AllansAlias  Read Replies (1) | Respond to of 436258
 
heinz,

I like wide timeframes, not as much as you, but I follow them. Although not germane to the point you are making, I think we underestimate the money that is made in this market by daytraders with a few years experience. Some of them are nimble and have adapted pretty well, albeit slowly in Apr/May.

Everyday I follow their posts. Hundreds of them. I find it gives me a feel that you can not condense to an indicator. It gives me an idea of their sentiment.

This is not news I know, but I often think how these people, like me, have never known a bear market, yet, I am impressed that the ones I follow are learning. They have made excellent long trades in the up moves and are making many more short trades than they ever did.

Cheers --Allan



To: pater tenebrarum who wrote (7041)7/31/2000 10:30:19 AM
From: Yogizuna  Read Replies (2) | Respond to of 436258
 
Oh yes, I know some who are suffering pretty badly under the sadistic market action of late, and the funny thing about it is, they are paying for it just as a masochist pays his or her abusive master or mistress for more pain! But I'm growing tired of paying for my pain, so from now on, if the market wants to give me pain, it will have to pay me hand over fist! ;^) Buying good stocks low and writing calls on the bounces is one way to make the market pay back a little bit..... Yogi