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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (16959)	3/1/1999 8:02:00 AM
From: donald sew	Read Replies (3) \| Respond to of 44573

Patrick, I have only been in the market for about 3 years and have only been trading more intelligently for almost 2 years. The majority of the people I have contact with, outside of SI, are newer to the market. Most of them, including the brokers, either have IRA's or 401K's and about 5000-50000, in stocks outside of their IRA/401k. Most of them only got into the market about 5-10 years ago at varying levels. So most of them have only seen the market move up, and none of them were in the 87 crash. The age is from 35-50 of this group. The brokers in this group all have less than 5 years experience and the average closer to 3. I may be wrong but could they be the average investor. As for knowledge of the market, it is still very limited. Until recently, with my help, most of them could not differentiate the different sectors. In the past this was a common question - why is MSFT down when the DOW is up, but the NAZ was down. Also, none of them had any good understanding of technical analysis including the brokers. Most of them do have some nervousness towards the market, but they still are about to buy DELL,MSFT,GE,IP,CMB,C,MER,MRK,JNJ. None of them play the internets except for 2. Some have played smallcaps looking for the next MSFT/DELL. Yesterday, I had a discussion with one of these brokers, who is trying to convince someone who trades with me to go long HiTECHs for the long term, while I am suggesting PUT leaps. This same broker is also pushing hard to go long the oil sector, since he strongly feels that the price of oil will jump up strongly. I asked him a question - if oil jumps up strongly wont that add to inflationary fears, which could hurt the overall market? He did not respond. I think most of us on SI have a much better understanding of the market than the average investor, by far. seeya Is this the average investor?