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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: KymarFye who wrote (11398)	3/30/2002 4:35:13 PM
From: sean sanders	Read Replies (1) \| Respond to of 19219

-OT slightly- While it might not be news to you or many others here at the T.A. threads ... its too bad the media didn't spam this info 2-3 years back. When I first got into investing I read every book I could find on it. Many of them were of the buy and hold mentality and how techs were the way to go. They kept saying it over and over and many of the books said the same thing. You heard of many people buying into microsoft at x and making 20x now. You heard about how tech stocks are exploding etc All of this 'spam' plays a role in what many typical american families base their financial decisions on. I will use my family as an example; my mother has more free time then my step father so she would often do the 'foot work' for her families investing; while the money may not be in the 6 figures to me it still represents what a lot of american families have to invest. She belongs to 2 stock clubs and subscribes to value line and a couple other news letters; she also invests with their 401k and even some 'speculative' trades ie trades not done within the confinement of a stock group per say. Basically I would have to assume that she was 'spammed' about how buy and hold is the way to go; and I can see how she was. Many news letters, papers, magazines on investing all have to do with the long term. Most of your investors in america are not T.A. experts and they are not day traders. I can probably count at least 10 'typical' investors to every T.A. expert/day trader out there that I know. This is not to say the T.A. experts/day traders are not moving more capital; I am just saying I see more people as being the typical type ie subjected to the 90's buy and hold till you die mentality. To get back to my parents; all of this spam they received I assume plays into their hopes and dreams. Their soon to be retirement, their ability to take vacations or being able to afford the home they live in; the depressed job outlook as you get older. My point being is that many people in america still have that buy and hold mentality still ingrained in their mind. How long was it spammed into their mind any ways? Probably about as long as Microsoft's chart is or even longer. While I am not actively involved in my parents investment decisions so I cant really comment on their true 'feelings' on the matter. But I can only conjecture as to why someone would hold JNPR from above 200 to less then 10; and this has happened repeatedly on many stocks; while they have made money on some stocks many of their stock investments have done the quick Major pullback. So while my parents investment strategies may not seem like the brightest in many people's eyes; this is what they were taught to do over Many years. Taught by the media; by their friends, their family, their co-workers, ... their society. So sometimes the 'mundane' is actually helpful to some people out there and sometimes these people are closer then what may appear. Sean