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

To: LTK007 who wrote (45708)	8/10/2001 2:45:49 PM
From: Nicole Bourgault	Read Replies (1) \| Respond to of 56532

It is my 1941 which did not hold this morning, which frightened me. But normally, I should have waited until Nas goes down in bottom 1900 to sell, but like us summons on the tightrope, I did not take a chance. However in the very short term, I think more rebound and I perhaps will repurchase expensive, if Nas seems to want to close above 1941. Nicole

To: LTK007 who wrote (45708)	8/10/2001 9:38:38 PM
From: ajtj99	Read Replies (1) \| Respond to of 56532

Yeah, Max. I was away from the market from dawn until dusk. I just got back and saw my puts went out at a nickel profit for me, but I left 35% on the table. Oh, well. In football, defense wins games. It also conserves capital. With the low VXN and VIX combined with Max Pain and oversold technical indicators, I had to make a decision that wouldn't leave me on the short end at the end of the day. Last weekend I thought we'd bounce at 1560 NDX today or Monday, and it seems we got pretty close. However, since I could not watch closely, I had to discount the possibility of that happening and look out above. I know we had the triple failure above 1960's, but I believed all it would take is one catalyst to lift the market up. I couldn't take that chance with the PPI coming out. Anyway, I will look at getting some August QQQ 41 calls on Monday and see if we reach Max Pain, which is 42 on the QQQ right now.