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

To: Nicole Bourgault who wrote (45161)	7/25/2001 4:25:29 PM
From: ajtj99	Read Replies (1) \| Respond to of 56532

Nicole, I think tomorrow we'll be fortunate to see 2000, let alone a rise of 75-100 points. There is no more expected earnings or economic news coming tomorrow, and there is plenty of bad news out there. The rise today and yesterday has taken some pressure off the short term oversold situation in the indexes. If the COMPX moves up 50-points, August QQQ 40 calls should be about $2.85 bid. If it goes up 100-points, they should be about $3.40 bid. 75-points, about $3.10 bid. Good luck. Normally we touch a level twice before breaking through. If we fail at 1997 or so, we should go down and crash through the 1934 level (since we've already tested the 1940 level twice) on the way to 1890 or lower, IMO.