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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: TFF who wrote (7229)	5/11/1999 2:09:00 PM
From: Morpher	Read Replies (2) \| Respond to of 12617

Waterhouse Brokerage Pays $25 Mln for 12.5% Stake in Island ECN bloomberg.com

To: TFF who wrote (7229)	5/11/1999 4:09:00 PM
From: TraderAlan	Respond to of 12617

Taf, I've been thinking a lot about briefing's comments. Have to really thank them for defining the current environment so well. My trade stats have been better than average the last month or so but I couldn't figure why. It's the swing thing which fits my natural style. The whole day is now filled with head fakes and you just have to pick your spot during weakness if you want to play something that's not up a zillion points for the day. Think they're right about churning out the novice momentum players. The insiders figured a swing method that's keeping them from losing their shirts. And they get to teach a lesson to the newbie traders at the same time. The look of the index charts brings up an expression I saw used by a EWT type a few years ago. He called it a "rising correction", which sounds like an oxymoron. Of course, there's no way "they" can control the trading environment for more than a short period. They're being benefited by the anxiety of the rising bond yields. June is often an excellent month for sharp rallies and it sure looks like the Internets are about to fire another leg up. Alan

To: TFF who wrote (7229)	5/12/1999 8:37:00 AM
From: funk	Respond to of 12617

Right on the money Likely that those novice traders who have not adjusted their trading style to adapt to recent change in market conditions being haunted by the constant sucking sound caused by self-inflicted account churning. Unless they are able to stop the bleeding by falling for fewer head fakes and applying more stringent loss management controls, many of these pour souls won't be around to participate in the next Internet momentum move. Exactly. I have been betting smaller, less often, and have stayed away from too much stimuli .... CNBC, the chatrooms, these threads.... I am thinking twenty or thirty years out, i got plenty of time. good post irby, funk