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

To: Hank Stamper who wrote (60230)	10/9/2000 5:01:24 PM
From: LTK007	Respond to of 99985

am i braindead????---i thought global events matter in the marketplace----o,good chance of war in the Middle East--YAWN--boring---not us,says the market.strange world.max

To: Hank Stamper who wrote (60230)	10/9/2000 6:06:52 PM
From: KymarFye	Read Replies (1) \| Respond to of 99985

Tax loss selling doesn't apply to true momentum traders: We take our profits and losses, and figure they'll be taxed at the short-term rate. The investors you're talking about are a different group. As I conceded, their losses, and probably more important those of fund managers, may contribute to greater pressure than in previous years, but I still think that those retail investors who haven't already bailed out are more likely to hang on up to the bitter end (if that's what it comes to). In my observation and experience what Magee and Edwards wrote about the typical American investor's unwillingness to take a loss still holds true.