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

To: Nicole Bourgault who wrote (18345)	7/31/1999 4:44:00 PM
From: Trader J	Read Replies (2) \| Respond to of 56535

Nicole: Powerful story, great post! J

To: Nicole Bourgault who wrote (18345)	7/31/1999 5:18:00 PM
From: melinda abplanalp	Respond to of 56535

Nicole, thanks for the story. What a wake up call as I leave for a business trip in an hour on a weekend. You are making me think!! LOL

To: Nicole Bourgault who wrote (18345)	7/31/1999 6:04:00 PM
From: Canuck Dave	Read Replies (1) \| Respond to of 56535

Nicole: Some thoughts on Canadian stocks. First of all, thanks for the warning on T.TVL . I was about ready to dump it any way, but I ended up selling it earlier than my max pain point, saving me a few hundred. With the commodity index still setting new lows, I am starting to think that my feeling that resource stocks will start to recover has a "This is a recording" feeling. I've been doing some DD and there's talk of Barrick and other gold companies merging. A lot of industries are hurting. Canadian markets have been slow for months. NT and BCE are definitely the exception and T.ATY has been in a four month swoon. My excitement of a week ago has been definitely dimmed as my "Hot Cdn" watch list has gone stagnant. Most issues are just drifting around, and the TSE has still not even come close to recovering its 1998 high. I'm stumped as to where to go from here. I have put my RRSP money into issues which have resisted the recent sell offs, but I'll jettison them at the first signs of trouble. If you've got any ideas on Canadian issues, I'm listening. CD

To: Nicole Bourgault who wrote (18345)	7/31/1999 6:58:00 PM
From: American Spirit	Respond to of 56535

Nice post, Nicole. Seems to play into my thinking right now which is - do I have to be this market ALL the time? It IS an addiction you know. So far this year I have only been to 50% cash, never out. Then two days later I see "bargains" and buy again. This time I am going to try and use self-discipline. Go take my vacation and wait. I may miss some opportunities but in this market there will always be another - and another. Ironically, the very fact that I say I'm getting out may be a bullish sign that we are near a bottom. ggg Right now, I think this market needs an irrational selling climax to take out all the fearful holders. All we've had so far are malaisical days of yoyo moves and lower highs. Certainly we can't expect anything too good before the 24th of August when The Fed will probably make at least a 1/4 point move. So why even stress out over it? Make your goals very modest or sit it out until then. After that we should be extremely vigilant again. Or whatever...