Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 190.54

+1.0%

Dec 26 3:59 PM EST

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To: LTK007 who wrote (43561)	5/27/2001 5:53:34 PM
From: ajtj99	Read Replies (2) of 56535

Guys, I'm more in Zeev's camp, although I may differ a bit with his timing (His is based on waves, and I tend to pay more attention to events. I think reality may split the difference). I'm looking for a 20-minute ramp up at opening Tuesday as an opportunity to re-position QQQ June puts I closed out Friday. I'll probably get QQQ June 48 puts, hopefully at 1.25. If the COMPX hits 2095 and bounces, I'll close them and most likely get QQQ June 47 or 48 calls for a quick trip back up towards 2200 or better. After a visit there, I think we go down for the count, smashing through resistance at 2097 and 2057 on the way to 1850 or lower. We may bounce a bit on the way down, but my aim is to buy the extreme points of the current trading range now that it is apparent. I'm looking to go puts-calls-and puts for June plays in that order. Hopefully we will get this scenario and clarity on the way.

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