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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (16087)	6/15/1999 5:23:00 PM
From: Canuck Dave	Respond to of 56535

I hate to be the bearer of bad news, but I don't think the Inet sell off is over. In fact, I think you might see another 50% drop. You're taking a big risk holding here. I'd rather miss a few points on the eventual recovery than hold into another sell off. 15 minutes of short covering doth not a rally make. CD

To: American Spirit who wrote (16087)	6/15/1999 5:38:00 PM
From: Tony B	Read Replies (1) \| Respond to of 56535

AS - I'm going to have to agree with CD. I've just been watching from the sidelines for a couple weeks and there were "rally" days last week and the week before. It's just that the tanking days do a lot worse than the rallies can make up for. Maybe an average CPI will spark something, but I expect this up/down trend to continue until we actually get a rate hike. From there, who knows... Of course, all this up/down makes for great trading ops, but I'll wait for a couple of days of strength to start buying for position plays again. I wouldn't touch anything for a long-term buy until the end of the year. Y2k makes things too unpredictable. I'm sure we all hope you're right, but the tape so far hasn't agreed with you... llater, Tony B