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

To: LTK007 who wrote (42649)	4/25/2001 4:01:09 AM
From: LTK007	Respond to of 56535

<needs lower lows and higher highs> i mean higher lows and higher highs--of course.max

To: LTK007 who wrote (42649)	4/25/2001 8:37:57 AM
From: ajtj99	Read Replies (1) \| Respond to of 56535

Max, that resistance point 1923 sounds reasonable. Also, there is 1850 and I believe a couple other points not too far below. For the QQQ, which tracks pretty close to the COMP, 40 and 36 seem to be the firm resistance points. 40 equates to around 1850 on the COMP. 1923 is about 41-1/2 on the QQQ, which I seen as a weaker point of resistance. I'm expecting a small bounce today, but I'm not sure if we'll close higher. There is not a catalyst right now for higher prices. When we get a firm bounce off lower resistance, I'm going call side QQQ until a day before the Fed meeting (prices always peak the day before).