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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: MeDroogies who wrote (25523)	8/20/2002 3:46:18 PM
From: uu	Read Replies (1) \| Respond to of 39683

Maybe... maybe not. So long as the market reflects avg. prices that are higher than their actual worth (which now I really think they should be at the historic avg. of 15, max), we're all just playing high stakes poker here... and have been for going on to 3 years now. And the stocks are the plastic chips, whose "value" is just as arbitrary. Plus, there's a whole lot of other factors affecting the market that don't have anything to do with the market (or shouldn't)... since 9/11 we've seen "The Market" take a number of instant dives when sewer gas blew off manhole covers in NY, when airplanes crash, trains derail, and even when a Greyhound goes off the road! We are just going to grind on with a DOW that churns between 8250 and say 8750. Nas will have it's ups immediately followed by its downs. This is a churning market right now and will be for several months. The daily price swings you see are 100% the result of traders. Investors control nothing... Their shares aren't trading therefor whatever they think their shares are worth is irrelevent. Traders will take the market up and down and up and down for a while here. That is why you must be a savy trader (I wished I was)!!. Everyone is trying to make money in a market that is going nowhere. If one is to be a trader one should not be a foolish trader that is the last to hop on a rally or the last to short a sell-off. Pick your top or bottom and short or go long before the rest of the pack does. It is a fact that the masses do exactly the opposite of what they should most of the time in the market. They are buying when they shuold be selling and selling when they should be buying. This applies to long term investing as well as short term trading. Think differently and run the cash register. Take the profit when it is handed to you because if you don't another trader will. And like I said I wished I was a savy trader myelf! :)