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Yes!
Either or both...
The buy-and-hold "discretionary" "traders"..
Actually quite a few "traders" now are
"long-term investors"..
-Neal.
At 09:11 AM 6/1/00 -0700, you wrote:
>> Those
>> poor mechanical traders are getting tired of forcing
>> themselves to take every trade, after several
>> consecutive losses.. All those back-tested systems
>> were designed in bull markets, the future does not
>> match the past..
>
>Either that or the system traders are quietly making money like they
>always do and the poor discretionary traders have gotten burned and quit
>posting their "opinions" about the market. :-)
>
>--
> Dennis
>
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