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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (41638)	3/23/2001 4:26:46 PM
From: Trader J	Respond to of 56537

Max: Thanks. I don't want to get to the point where I have to ignore someone, keeps me honest that way. Sometimes it is the easiest way out, but I need to stay "real". The best defense is to continue through the criticism and do what you feel is right .... and I am not about to stop now. Get some rest and go for the chicken soup and dry crackers, it made quite a difference for me ...... don't eat too much though. And don't make the mistake I made by feeling a little better, and then heading out into the yard to do a few things ...... landed me right back into bed very quickly. Get some rest. J

To: LTK007 who wrote (41638)	3/23/2001 6:36:25 PM
From: ajtj99	Respond to of 56537

Max, Thursday I thought we'd see a final dip on Monday to test resistance. Today I wasn't quite sure enough, so I made certain I bought my QQQ calls when the QQQ was at about 41 to 41.50, which seemed to be near-term resistance. The thought of having to buy them at $1.50-1.65 later was too much, since I had already given them up earlier this week at $1.35. I think the funds are in window dressing mode and will drive up the index next week. There is some selling into strength, but I think most of the smart funds have unloaded their dogs already. Short covering will help near term as will pensions money in April. Funds with cash sitting in their pockets do not want to miss out on a bear trap rally either. I think I bought as close to bottom as I could for the next couple of weeks. We'll see if I'm correct or not.