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Strategies & Market Trends : Analysis Class for Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Arthur Tang who wrote (1301)	4/11/2001 7:01:58 AM
From: Arthur Tang	Read Replies (1) \| Respond to of 1471

In times of non-activity on Wall street; every day a story is born? Heard on Wall street in New York times used to influence stock movements. Today, the ebb and flow on Wall street by the brokers are the controls of the market. Volume on the exchanges are steady. It is even more apparent, when customers of full service brokers stay on the sidelines. Morgan Stanley declared that they are going to let go 1000 brokers. The result will be savings of $1 billion. That comes out to be $1 million for each broker per year. The truth is in the ebb and flow, the brokers made money on the bull pan(brokerage's internal market makers or traders) at Morgan Stanley, each and every week. Daytraders have to learn ebb and flow. Again, ebb and flow starts after the amateurs trade at the opening. The crowd waits for the mutual funds to buy or sell(just before 11 am), then follow with their orders. Most will settle before the day is over. The ebb and flow charting(up and down timing of indexes) is daily revealed on the nightly business news on pbs. That timing is to be superimposed on the chart of your popular stock that you trade. Forget the wall flower stocks, market makers will eat you alive. Good luck on your daytrading.