Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

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10:59 AM EST

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To: Triffin who wrote (18321)	7/30/1999 4:57:00 PM
From: LTK007	Read Replies (2) of 56535

As I am not doing quick daytrading at the moment,where do you stand on the market direction in general--CD and I have turned into growling Bears,I am only holding 2 stocks now and am 80% cash. BTW heard a money manager today say "Wallstreet no longer runs the market,it is now Main Street that does" He said we are trapped in this volity because of it. I was on the right side last month and made 50K,was on the wrong side this month and dropped 35k---- and going into seclusion to develop a NEW strategy--but for the moment it seems like one needs to be all cash at the end of everyday. Their are two indicators that are pointing to a bear attack I think. The US dollar is losing strength(this can cause foreign money to exit are market)--at least going into today,and the price of West Texas crude is pushing close to 21(an inflation indicator) Good Luck,Max

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