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

To: Trader J who wrote (9174)	2/17/1999 3:51:00 PM
From: Maarten Z	Read Replies (1) \| Respond to of 56535

Well 100% cash now. I think you are right that the news will remain hidden in the days sell off. Hopefully we'll see a good size gap down in some of these tomorrow. Then there should be some good pickings. At least for a daytrade. Almost bought SEEK 5 mins ago but backed out at last second Though now is its still showing signs. Oh well - better to be safe than sorry. MZ

To: Trader J who wrote (9174)	2/17/1999 3:52:00 PM
From: Poet	Read Replies (2) \| Respond to of 56535

All: Market conditions: I've noticed that the day following a big down day in the American markets is usually a down day as well, as Asian and European markets follow our lead. It's almost like an echo, rebounding from wall to wall. I use this metaphor to caution people from taking long positions right now. Let's sit and watch where the markets settle over the next couple of days. There will be plenty of bargains on Friday, Monday, and beyond, a lot less time to wait for a bounce if we buy them then rather than now. Wow, kinda poetic. Can you all tell I've been working on my poetry today? ;-)