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

To: Nicole Bourgault who wrote (45800)	8/13/2001 7:35:13 PM
From: LTK007	Read Replies (1) \| Respond to of 56532

very nice Nicole:)Max

To: Nicole Bourgault who wrote (45800)	8/13/2001 10:28:12 PM
From: ajtj99	Respond to of 56532

Nicole, sometimes when you make money it is hard to accept it when you find there was more money to be made. It is tempting to think about what could have happened, but you can only act according to what your observations tell you at that time. I got some QQQ August 40 calls today at 1.10 (I guessed and luckily got the day's lowest ask). I probably should have sold them this afternoon, but I'll probably sell them tomorrow morning if we have a positive open. The short term technical indicators lead me to believe we'll be down most of the day tomorrow, but not too much. We may even end up positive for the day. I'm also looking for a positive day on Wednesday, although we may hit the high in early afternoon. Anyway, Max Pain for the QQQ is 41, but it could just as easily be 42. I checked Max Pain on the NDX and it is 1700, so it is a bit higher than the QQQ, leading me to believe the NDX could go as high as 1675 or so. I do not believe the COMPX will go to 2050 this week. I think the top may be 2016, as many of the large caps have already achieved their Max Pain levels. Anyway, good trading, Nicole.