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


To: ajtj99 who wrote (45111)7/24/2001 3:39:48 PM
From: LTK007  Respond to of 56535
 
<may> yes,may is the word.But at 1530-1560,you got enough profit on your QQQs to sell anyway.max p.s. A/D line on NASD now 9.7/22.3.



To: ajtj99 who wrote (45111)7/24/2001 3:51:22 PM
From: Nicole Bourgault  Read Replies (1) | Respond to of 56535
 
I am just above my line of sale. Oops, I keep for tomorrow

Nicole



To: ajtj99 who wrote (45111)7/24/2001 3:54:59 PM
From: LTK007  Read Replies (2) | Respond to of 56535
 
jam up alert at 3:50--banged it 8 points in 2 minutes--desperate attempt to close above 1600.max



To: ajtj99 who wrote (45111)7/24/2001 4:01:49 PM
From: LTK007  Read Replies (1) | Respond to of 56535
 
at 3:47 NDX was 1590 at 3:52 it was 1602--total manipulation.max



To: ajtj99 who wrote (45111)7/24/2001 5:50:25 PM
From: ajtj99  Respond to of 56535
 
Max, I figured that if I can get $3.50 for my QQQ Aug. 42 puts I might just cash them in. No use trying to squeeze the last penny (or $0.50) out of them and risk losing all my profit. At that, I'm almost double my money.

The rapid decline leads me to believe Thursday may be the last day of the decline, but like you I'll have to take a wait and see attitude.

I haven't looked at the TRINQ since noon, but it was so low it made me believe we could still see as low as 1530 NDX before a bounce.