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Strategies & Market Trends : Trading For A Living -- Ignore unavailable to you. Want to Upgrade?

To: monimoni who wrote (1599)	4/19/1999 4:08:00 PM
From: professor	Read Replies (6) \| Respond to of 1729

The new day trader recruits need a day like today to learn the lesson that this is not a free lunch business. Professional equity traders have been in existence for centuries. The Wall Street market just gave the public a loaded gun. It doesn't mean they know how to use the gun though. It takes a lot of skill to be a successful trader. I hope most people haven't lost a fortune but I'm hoping today's action deters anyone from becoming a "day trader". The day trader has made real investing a dying art.

To: monimoni who wrote (1599)	4/19/1999 6:12:00 PM
From: Don Pueblo	Respond to of 1729

They take dives on a periodic basis, not necessarily on a 12 month cycle. You can look at the Philadelphia Semiconductor Index (SOX) on a weekly bar chart, for example, or another index that tracks the tech stocks, for an overall view. Also remember that 3 years ago, the "Internet Stocks" as they are called now, didn't factor into the mix. One analyst recently called CSCO an "old" tech stock.