Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 184.99

-0.3%

12:35 PM EST

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To: LTK007 who wrote (44823)	7/12/2001 8:08:53 AM
From: ajtj99	Read Replies (1) of 56535

When I say I had calls, they were QQQ July 46's from 10-days ago that I'd thought would be worthless, so it's not enough to get too excited over. Just found money. I think some T/A's are looking at Feb. 15 as their key, when we had a 1-day spike. However, that was 1-day prior to options expiration, and shouldn't be taken too seriously. We did bounce off a trendline on the NDX at around 1600, so there is a method to this madness. It just remains to be seen if we have blown off enough steam to keep going up or will continue our down trek. JNPR tonight should be telling. Networkers have nothing good to say lately. We could just bounce between 2000 and 2057 or 2088 also the next week, and that might relieve some oversold conditions, but it does not give incentive for going with calls.

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