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There are several ways to `play' the market. The least common is
actually "market play", which depends on the fluctuations of the
market in general, while using stocks only as trading vehicles. But
not just any stocks, not DJ stocks, not just S&P stocks, but that
group of tech stocks which move 2-3 times as much as normal stocks.
This is our stock universe – the only stocks we would ever buy, not
low-percentage financial, transportation and manufacturing stocks,
but the stocks that really move.
The trick is not to endlessly analyze the financials, products,
executives, etc. of these companies, because stock purchases based on
the best analyses in the world still lose money in a down
market. `It's the market, stupid'
Movement of the market that contains most of our high-potential
stocks – the Nasdaq – should be the overriding subject of
investigation for real players. Not that based on moving averages,
support levels, economic predictions or other 100% ineffective
parameters. [just because these are the subjects mentioned on the
nightly news gives them no validity at all; those bow ties are not
traders]. There is, however, a continuing discussion on market
movement – the ability, with patience and remaining out of the market
quite a lot – to pick, one after another, the bottoms of the 1-3-week
fluctuations that count.
Stockpicking plays no part here – any couple of 30 different medium
cap companies will do, if we get the market right. And what can be
known about Nasdaq movement is the singular topic of discussion at
the non-commercial New Breed site
http://members.aol.com/davetrends Read a couple of the
installments. Chances are you'll change your mind on just what is
required to trade stocks at a truly high level.
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