To: Jon K. who wrote (5756 ) 1/23/1999 3:44:00 PM From: Trader J Read Replies (2) | Respond to of 56535
Jon: In general, we are entering a historical weak part of the year right now. However, I am extremely bullish on the market here and I see this recent retreat very healthy. I think the techs. especially are looking good, retail as well. For the Internets, I see a lot of volatility with a general slow upside move. However, International events are a dark cloud hanging over this market and they could take this market down in a hurry. Brazil, Japan, and China are all weighing heavily right now. If we were able to put on the blinders and not worry about foreign markets, like I said, I would maintain my extremely bullish sentiment. But because of these factors I am picking, very carefully, my trades and not entering any new long time horizon issues. As far as trading goes, I don't think the market could be much better. All this uncertainty, volume and Inet hype/sell off plays right into our game. Now that the mother-in-law (sp?) is gone (this AM) I will be able to get back to a few of my picks and recap the past couple of weeks. I will try to do this later tonight. I have also seen many posts here recently that lead me to believe that I need to reiterate "goals" when taking trade positions. I will post something on that later as well. So in general, I like to way things look for us traders. Position trades and longer term investments here would be a bit more risky as I see it. I would lean more towards closing out trading positions at the end of the day, and not playing the gaps. I still like event driven trading but the lid is a bit off some of these Inet events, and care must be taken. Hope this helps. TJ