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

To: LTK007 who wrote (45815)	8/14/2001 9:11:11 AM
From: ajtj99	Read Replies (3) \| Respond to of 56532

Max, I'll check that chart later. I'm heading out right now. Looking at the 15-minute and 60-minute charts last night led me to believe we have some overbought conditions that could be addressed today after open. I'm selling my QQQ Aug 41 calls at open or shortly after today. I'll look at possibly getting QQQ puts tomorrow if we peak. Most of the large caps are at, near, or above Max Pain, so I'm inclined to believe 1675 will be the top on the NDX and possibly 2016 COMPX. We'll see. The daily still has upside potential, but things are so bad right now I can't see it spiking up too much more.