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Strategies & Market Trends : The Thread -- Ignore unavailable to you. Want to Upgrade?

To: charlie mcgeehan who wrote (14094)	9/14/2000 9:13:05 PM
From: charlie mcgeehan	Respond to of 49816

more ramblings from a po' canadian boy... if you consider that as small retail players we are finding it more difficult to keep our profits up in this kind of market i think the same may be said of the larger players as well. it is easier to profit in a strongly trending market than in the type of market we have today. we need to eat and so do they. unless i am completely off the mark here i think we will see a return to a trending market sooner than later. if the rules have been permanently changed i obviously have missed the mark with this post. in the market we have greed, fear and uncertainty. the last two markets have given us fear and uncertainty. i think many of the remaining smaller retail investors who are still playing have smaller portfolios and are currently playing with a fear that they may lose most or all of their remaining dollars. some who were stopped out a few months ago may have returned with another stake but fear will still grip them. of course we have the continuing entry of rookies, many of whom have no idea what is going on. i think the current volatility is designed to take as much of that money as possible while starting to position the big players and their largest customers to do well over the next 12-24 months. i am going for a walk...i may have more when i return. charlie

To: charlie mcgeehan who wrote (14094)	9/15/2000 8:25:43 AM
From: stan s.	Respond to of 49816

Great post Charlie and I agree with much of what you said. My trading the last couple of weeks has also changed. It's back to a more "position" type of play. I'm letting the technicals play out more than in the recent past. It's a less frenzied action. It seems to me that while the day to day volatility remains...we are getting a more "normal" pattern of predictability, if one backs off and looks from a slightly longer perspective...a few days to 2-3 weeks. Rather than selling on any blip, I'm going more with the flow of the NASDAQ...which seems to have regained a pattern we can follow. The overview seems to be working. Thanks for the post. Stan