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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 (45115)7/24/2001 5:52:58 PM
From: ajtj99  Read Replies (1) of 56535
 
Max, it could just be some short covering to take some profits. We hit 1936 on the COMPX and bounced, so some shorts may have taken some profits, remembering what happened last time we went to that level and inched up a bit.

I expect further declines tomorrow and possibly Thursday, but we are going to be oversold here on the NDX if we are not already.
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