Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 184.20

-1.5%

9:38 AM EST

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To: LTK007 who wrote (45666)	8/9/2001 7:31:15 PM
From: ajtj99	Read Replies (2) of 56532

Just got back in and see we ended up almost even. Two things that bothered me a bit today: 1. Nasdaq gapped down at open and did not rally much above the previous day's close. That does not relieve the oversold conditions much. NDX closed up marginally. 2. We bounced 3-times off the 1941-1945 level. That is a pretty key support level, and a pseudo triple bottom today spooks my near term bearish sentiment that we'll hit 1890 and bounce. The President's speech tonight is going to be a key element in the market reaction tomorrow. This issue is polarizing people across the country. The biotech's went up today on speculation that Bush would allow limited stem cell research, so that's priced in. I'm going to look at the charts a bit tonight and see what's up. I'm curious as to whether we will have a doji of some type, as the NDX looks like it could have printed an evening star doji (I don't know yet about the COMPX).

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