Analyzing Your List Of Internet Day Trades (part 2)

The timeworn illustration of the “chain that is as strong as its weakest link”, will not serve. When the weak link breaks the chain is in two parts, each part being as strong as its weakest link. The internet day trades market does not break in two, even when it receives a severe blow.

If something occurs in the nature of a financial disaster; interest rates rise; investment demand falls; public sentiment or confidence is shaken; or corporate earning power is declining or are deeply affected - a tremendous break in internet day trades may occur, but there is always a level, even in a panic, where buying power becomes strong enough to produce a rally or a permanent upturn.

The tape reader must endeavor to operate in the internet day trades that combine the widest swings with the broadest market; he may therefore frequently find it to his advantage to switch temporarily into other issues arising from internet day trades, which seem to offer the quickest and surest profits. Therefore it is necessary for us to become familiar with the characteristics of the principal speculative methods that we may judge their advantages in this respect, as well as their weight and bearing upon a given internet day trades market situation.

The market is made by the minds of many men. The state of these minds is reflected in the prices of securities in which their owners operate. Let’s examine some of the individuals, as well as the influences behind certain internet day trades and groups of internet day trades in their various relationships.

This will, in a sense, enable us to measure their respective power to affect the whole list or the specific issue in which we decide to operate. The market leaders are, at the time of this writing – and for illustration only - Union Pacific, Reading, Steel, St. Paul, Anaconda and Smelters. Manipulators, professionals and the public derive their inspiration largely from the action of these six issues, in which, except during the "war" markets of 1914-16, from forty to eighty per cent of the total daily transactions are concentrated. We will therefore designate these as the "Big Six". The tape reader should understand a basic principle of the internet day trades market. One being that leadership changes frequently. But for our purpose we will concentrate on this list.

Three internet day trades out of the Big Six are chiefly influenced by the buying and selling operations of what is known as the Kuhn-Loeb- Standard Oil group. Their four internet day trades are Union, St. Paul, Reading and Anaconda. Of the other two, Smelters is handled by the Guggenheims, while Steel, controlled by Morgan, is unquestionably swung up and down more by the influence of public sentiment than anything else.

Of course, the condition of the steel trade forms the basis of important movements in this issue, and occasionally Morgan or some other large interest may take a hand by buying or selling a few hundred thousand shares, but, generally speaking; it is the attitude of the public which chiefly affects the price of Steel common. This should be borne strictly in mind, as it is a valuable guide to the technical position of the market, which turns on the overbought or oversold condition of the market.