Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 174.01

+1.8%

3:59 PM EST

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To: Trader J who wrote (9268)	2/18/1999 10:25:00 AM
From: Trader J	Read Replies (3) of 56535

Market: This market has me completely confused. I believe the bottom is near here, but there is....again, nothing I can put my finger on to say this. In today's market I resist the temptation to use standard valuation analysis and support levels as I believe they do not apply as they once did. Yet many still cling to these "measurements". I look at my screen now and see utter weakness and uncertainty....arguably, what the "patient" trader looks for as that is when the best valuations make themselves available. Most, as I am, are eyeing the tech sector and specifically the Inet sector as the sector still in play. In my opinion, choosing a spot to enter any of these issues for anything other than a INTRAday play, is purely a gamble. At no time have I been more inclined to take the fractions as I have been recently. Even now the NASDAQ is trying to stage a comeback, but the pattern has been the same for the past few days....and if the result is to remain consistent, this rally will fail before break-even. I will look to enter if we can break this ugly cycle. Issues that I am watching: ABTX DELL PCNTF DRIV CPQ SEEK FORE NAVR A few others here and there, but these are my favorites right now. Please trade well, and keep greed in check....especially today. Tj

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