Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 184.65

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2:14 PM EST

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To: snerd who wrote (12631)	4/14/1999 4:00:00 PM
From: LTK007	Read Replies (2) of 56537

snerd,a couple thoughts,one is the traders(the roller players) knowing the resistance line is 5,will just by TA bail at that point until something just wears it down,or some news shatters it.I think we can use PQT as a classic comparison--I myself gave up on PQT,because it's line of resistence was seemingly impregnable,but for those that just held--have been greatly rewarded--but,I stress the is just my 2 cents and nothing more. Here is an example of how I play some options---today I just scanned for what SEEMS:) to me easy money--I bought 10APR7.5 FLC calls at 1&1/2,my target is 5---I will be looking for other oil patch options that I like.Good Luck,Max

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