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


To: Wes Stevens who wrote (17710)7/19/1999 5:01:00 PM
From: American Spirit  Respond to of 56535
 
I expect a brief sell-off. Probably a good buying opportunity.
Though the market is toppy it has plenty of reasons to be that way now. This summer rally is not over IMHO. But tomorrow morning could be a little mini correction, which we need actually. And may proviode some nice entry positions in favorite stocks.

PS - Don't discount the emotional anxiety caused by the JFK Jr. tragedy. Buying usually accompanies hope and feel-good moods. This puts a dampener on everyone's day especially in NYC. By the way I knew John slightly, Caroline well. Went to school with them. Really nice people. The other Kennedys were mostly arrogant but not those two. I really feel for caroline now having lost her whole family. John's death is a real tragedy. Bissette girls too. Part of American mythology now ended prematurely.



To: Wes Stevens who wrote (17710)7/19/1999 11:50:00 PM
From: American Spirit  Respond to of 56535
 
Yes, MSFT does always warn about future growth. Probably why they always beat estimates. Smart. Maybe we won't have a pullback tomorrow. IBM sure looks strong. These are the new leaders now that AOL is knocked off the top.