Another Richard Russell comment that i think all new to the market need realize---it is tougher now than before. I quote Russell.
<<I've tried to carry on the work of Dow, Hamilton, Rhea and Schaefer. I believe, however, that the stock market is far more difficult today than ever before, mainly because so many analysts, professionals, money managers, arbitrageurs, speculators and serious individuals are involved, and competing for profits (and increasingly, for short term and even intra-day profits). Furthermore, trading has been speeded up and broadened tremendously through the use of computers and the Internet. Finally, the arrival on the scene of "derivatives," options, futures, puts, calls, etc., makes the market game bigger, faster, more manipulative, more hazardous -- and far more deceptive than ever before.
In the end, however, the "hidden ingredient" for market success is the practitioner's own instincts or intuition. Market analysis, as some many have observed, is an art, not a science.>> Nine Pennsylvania Miners ALL rescued!! Max
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