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

To: Trader J who wrote (9268)	2/18/1999 10:19:00 AM
From: Nicole Bourgault	Read Replies (1) \| Respond to of 56535

Trader J, Look technical analysis. asiachart.com Good morning, Nicole

To: Trader J who wrote (9268)	2/18/1999 10:20:00 AM
From: snerd	Respond to of 56535

Trade... Jumped in AFFI this morning at 2 7/32, took 15 minutes to get confirmation! Then WebBroken went down! Lost chance to sell at 3 3/4! : ( So now just watching for exit. Snerd

To: Trader J who wrote (9268)	2/18/1999 10:25:00 AM
From: Trader J	Read Replies (3) \| Respond to of 56535

Market: This market has me completely confused. I believe the bottom is near here, but there is....again, nothing I can put my finger on to say this. In today's market I resist the temptation to use standard valuation analysis and support levels as I believe they do not apply as they once did. Yet many still cling to these "measurements". I look at my screen now and see utter weakness and uncertainty....arguably, what the "patient" trader looks for as that is when the best valuations make themselves available. Most, as I am, are eyeing the tech sector and specifically the Inet sector as the sector still in play. In my opinion, choosing a spot to enter any of these issues for anything other than a INTRAday play, is purely a gamble. At no time have I been more inclined to take the fractions as I have been recently. Even now the NASDAQ is trying to stage a comeback, but the pattern has been the same for the past few days....and if the result is to remain consistent, this rally will fail before break-even. I will look to enter if we can break this ugly cycle. Issues that I am watching: ABTX DELL PCNTF DRIV CPQ SEEK FORE NAVR A few others here and there, but these are my favorites right now. Please trade well, and keep greed in check....especially today. Tj