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

To: ToTradeWell who wrote (34944)	9/22/2000 3:19:30 PM
From: Softechie	Read Replies (2) \| Respond to of 56532

Very strange indeed but it seems that money on the sidelines is just waiting for this kind of market to jump in. They're buying up blue chips and not much techs and internets.

To: ToTradeWell who wrote (34944)	9/22/2000 3:27:51 PM
From: Trader J	Respond to of 56532

TTW: I have to agree with you. I like the strength and I Think it bodes well for the short term future, but for today ... I don't see how we go higher from here. I am expecting a sell off into the close as psychological fear takes hold. You are not safe with positions over night .... and I got nicked today because even though I love ATML, I was short-sighted to the fact that if someone in the sector preannounced, everyone gets hit. Still. I have been trading 2500 share lots of ATML for 1/4s today, and it has worked well. Tj

To: ToTradeWell who wrote (34944)	9/22/2000 7:14:46 PM
From: LTK007	Respond to of 56532

the "Fleckman" is at his best tonight scrambling for answers to your question TTW, here is a highlight(my boldface added>Let's get ready to bumbl-l-l-l-l-l-e!!. . . Well, that appears to be the game. As always, Colin said it better and in a more interesting fashion than I could have. Never has the manipulation of so many markets broken out into the open in so obvious a fashion. It makes it all the more fitting that these epic shenanigans happened on the same day the World Wrestling Federation announced it is going to be listed on the NYSE. It's unlikely that this SPR release is going to have anything but a passing effect, and I think folks that bought into stocks on the back of that soothing announcement and the intervention in the euro will be disappointed fairly shortly. I think it's time that folks realize that this is a very, very dangerous game that is being played. The Federal Reserve has fomented the greatest bubble in the history of the world and the present administration is intent on keeping it going because it wants to get re-elected. That's not to blame the Democrats -- that's just politics. It's just blaming the people in power. Dangerous games always come to an end, and they usually end badly. There are too many problems percolating in too many places to change the outcome of this particularly deadly game of financial chicken.>from today's Fleckenstein column.max