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

To: LTK007 who wrote (18334)	7/30/1999 5:24:00 PM
From: Canuck Dave	Read Replies (1) \| Respond to of 56535

I disagree, Max. This correction is strong, but it won't last forever. The good stocks will announce themselves at the end of the correction and those are the ones we should be patient for (despite what I did today on the IPO stock; do as I say, not as I do). There'll be another rally at some point, and investors will trickle back in to keep it going. CD

To: LTK007 who wrote (18334)	7/30/1999 5:32:00 PM
From: Triffin	Respond to of 56535

max90 .. Market The volatility is great .. movement equals opportunity .. I'm with you and CD in the sense that I think more and more market participants are looking in the rear-view mirror and beginning to realize just how far we've come .. Dollar weakness is problematic since oil/gold etc are dollar denominated assets .. Y2K .. real or not .. may provide the impetus for our first real correction in the S&P type stocks .. watch/track GE as a proxy for the S&P .. There are alot of approaches for playing the short side of the market .. selling options .. selling QQQ/DIA/SPY in sufficient $$$ to hedge your 'core' longs .. id'ing big cap stocks currently making lower highs and lower lows and shorting those on rally days .. etc .. The 'odds' favor a sell off during the next six months to allow for a post Y2K rally and the next presidential election .. the powers that be will do whatever they can to encourage a rally into the next election .. Jim in CT .. just some thoughts