Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 182.55

+2.0%

3:59 PM EST

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To: Nicole Bourgault who wrote (42637)	4/25/2001 6:59:24 PM
From: ajtj99	Read Replies (3) of 56535

Nicole, you should be able to get QQQ May 45's in the morning around $3.00. You could sell them for as much as $5.00 possibly by Monday. GDP numbers are out on Friday, and the market is being set up to drop on that news, IMO. There is serious resistance at 45-1/2 to 46 on the QQQ, and you could see how we bounced today off 43-1/2. I think Friday or Monday we go crashing through 43-1/2 with the GDP numbers (most likely Monday). Next resistance after 43-1/2 is 41-1/2, which would put QQQ 45's at about $5.00, which is a decent profit. After 41-1/2 is resistance at 40, but it may not be worth holding out for that last dollar (although I probably will, I want to sell at $6.00). Good luck!

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