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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: StockOperator who wrote (11069)	4/15/1999 2:28:00 AM
From: Berney	Read Replies (2) \| Respond to of 99985

SO, The poor folks just don't understand that the rules change! Let me assure you that as a green-eye shaded accountant from the old school, I was in the last group of investors catch on. But, it is clear that FA died several years ago. TA now rules! In fact, I state to all that you should read a TA primer (I personally favor John Murphy) before investing a single dollar in a stock. Berney

To: StockOperator who wrote (11069)	4/15/1999 2:53:00 AM
From: Guy Gordon	Respond to of 99985

"How do you account for the fact that 80% of mutual funds fail to beat the S&P 500? Aren't they this "smart money" you're talking about?" The fact that they fail to beat the S&P 500 tells me no. So you figure there is a hidden class of super stock traders (hidden in the sense that you cannot identify any of them), that are making "fantastic returns". And these are not mutual fund managers. They can't really be the Nasdaq market makers either, since most of them work for publicly traded companies who report their earnings. I'm lost. Who are these guy's?