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

To: LTK007 who wrote (43480)5/24/2001 6:54:36 PM
From: furrfu  Read Replies (2) | Respond to of 56535
 
It could happen, but it wouldn't surprise me if we hit 2100 on the way up. I think the housing sales and durable goods numbers will be a problem, and I don't think GDP is going to help. Nothing like a long weekend to get everybody thinking good thoughts for Tuesday, though. <<barring shock numbers tomorrow i think the probality remains is very high NASD will hit about 2425 by next week --E-waver Shack has now called 2400 .max >>

Sold my QQQ 52 Calls for 1.30 (in at 1.10) and my 50s for 2.20 (in at 1.60). Have bought QQQ 49 Puts at 1.85 and 49s at 1.45. Ready to bail at some sign of glad tidings.

Doug



To: LTK007 who wrote (43480)5/24/2001 10:27:01 PM
From: stormrider1  Read Replies (1) | Respond to of 56535
 
CNBC had an analyst on today, but his name I can't remember. They introduced him as the analyst who called the Nasdaq dump when it was in the 5000 range. He currently is saying to sell in this rally when we hit 2400 which he feels will be our top. He did make the point though that he felt the lows for the year had been met. Mike


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