Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 180.99

+3.9%

Dec 19 9:30 AM EST

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To: ajtj99 who wrote (43737)	5/31/2001 6:02:26 PM
From: furrfu	Read Replies (3) of 56535

I think that you and I are looking at it from 180 degrees apart. Are you looking at a retracement of the increase from 4-4 through 5-22? If yes, then I can see where you're coming from. What I'm looking at is the drop from 1-24 through 4-4, and all activity 4-4 to current is the retracement. COMPX has spent 6 weeks meandering between a 38% and a 50% retracement, with a week sitting right on the 50% mark. If you go by the theory that the double bottom/top forms in the same amount of time as the original move, that ppredicts a test of the 4-4 low sometime around June expiry. It is this idea of timing on the double bottom/top that I've got to study up on. Doug

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