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

To: Trader J who wrote (16593)	6/24/1999 4:20:00 PM
From: American Spirit	Read Replies (1) \| Respond to of 56537

Low volumn market. Summer blahs. Waiting for Greenspan. Nobody knows which way the wind is blowing. Watch carefully for bargains. The best dips for buying don't last long. Have a little cash ready for tomorrow is Friday blues and zero volumn result in some extra special buys. Hey, anyone noticed WDC is at a 52 week low? I know it's a dog with fleas but how low can it go? CHRZ also down today to 10 1/2 PE. Bought some on dip. Had orders in for CS, COMS and SDTI but none of them dipped far enough. Next week should be a much better (at least more exciting) week. Especilly after the 30th. I predict Greenspan with hem and haw and do little or nothing. Why should he? Almost no inflation. Bonds have already priced in rate hike. Stocks have corrected since DOW 11,000. Nets are still off about 40% from highs. A rate hike would actually cause inflation in terms of mortgage costs, etc. And would panic the market. I don't think Greenspan wants to spook anybody. Steady as she goes.