Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 175.02

-3.3%

Dec 12 9:30 AM EST

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To: LTK007 who wrote (44181)	6/17/2001 11:11:02 PM
From: ajtj99	of 56535

Cycles, stochastics, Fib Retracements, and other indicators seem to point to a small bounce the next couple of days. I believe we'll top off Tuesday, others say Wednesday. Either way, the puts I bought when the QQQ was at 42.65 aren't going to be getting too much cheaper. Maybe $0.50 or so. Whatever. The risk-reward ratio isn't compelling enough for me to play that game. I'm staying Put this week and I'm going to watch the carnage unfold after Thursday's B2B report is released. Furthermore, the more I'm reading about the Fed, the more I believe they'll do only 25BP, and the market won't like that.

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