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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Mark Ivan who wrote (17624)	3/9/1999 6:43:00 PM
From: Don S.Boller	Respond to of 18056

Mark: YOU ARE RIGHT ON............................................My point is that while so many focus (mostly with t/a) on ripples...they don't see waves and even less - the tide. The latter which may be ebbing or in fact has all ready turned. I have been following market timers since I first bought stocks back in the early 1950's... then in real earnest - when I got my Naz and NYSE tickets in 1960- 61....even got a CBOT ticket in 1976...................Most of the noted "timers" have a method that "works" for a while, but after a year or so, begins to stutter and give fake-outs. Some of these "systems" become self-fulfulling prophecies for a time - then die of their own success. Does that mean that only a buy/hold works? Of course not....however IMHO daytrading and the like is SURE TO FAIL in the long run....the vig. and switches GUARANTEE THAT. But then - WDIK? Best, Don