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

To: Mike McFarland who wrote (552)	11/13/1998 11:55:00 PM
From: Trader J	Read Replies (1) \| Respond to of 56535

Mike, Market looks ripe for a fall Earlier this week I woudl have disagreed with you but now I must bow to your forecast. The market is hung up on two key events, which are waiting to unfold: 1) Iraq 2) Rate cut. I don't thing the market is going to fall too much, there is much too much enthusiasm and confidence right now. I could go into my market theory about my so-called "X-factor" but I will not bore you with so much detail about that. Someday I shall though. Until these two events pass, I expect sideways movement. Some strong days, some not, no big moves either way. I think nets will continue to shine. I have not seen that big sell-off yet that will spark another round of net buying. Until you see that sell off, nets will continue to be THE play. Good luck TJ