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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: dawgfan2000 who wrote (36850)	11/30/2000 4:15:09 PM
From: StockOperator	Read Replies (1) \| Respond to of 42787

dawgfan2000, I have to admit that trying to read the markets and the trend on days like today, are to me the most rewarding and challenging part of this whole business. Trying to make sense out of a whole basket of stocks rising like ORCL and BRCD, while another section of the same group (tech) falls apart, are the trickier aspects of MDA. But I think its important to remember that nothing goes straight down. We are also competing against the savviest group of people on the planet when going up against the mm's and specialists. Their job of maintaining a orderly market, especially in this latest environment, requires great skill. They will go long or short or do what ever it takes to keep their profits rolling while maintaining an orderly book. Days like today are also a perfect way into pulling more money off of the sidelines. I believe the buy the dip mentality still plays a major roles in the psyche of the avg investor. This "conditioned response" will be thrown on the garbage dump when this move is finished (or at least be badly bruised). I also think that paying attention to the makeup of the stocks that are taking a beating is just as important when trying to make sense of whats happening. Stocks like CSCO MSFT, SDLI and JDSU are telling a completely different story. Good trading. SO