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

To: LTK007 who wrote (16131)	6/16/1999 1:47:00 PM
From: American Spirit	Respond to of 56535

Many nets had been down 50% or more. While I'm not predicting they will return until better earnings start being reported, a 50% retracement is possible. Even a 30% retracement would mean big profits from these (and especially yesterday's) levels. Also I have a feeling a lot of companies have been withholding good news releases until the market is healthier. We may now get an avalanche of bullish news, esp in the nets. - I see a little profit-taking now but I expect this rise will resume. The Fed should now not be feared. The market has corrected. The worst is behind us.