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

To: ajtj99 who wrote (46389)	9/4/2001 12:54:51 PM
From: ajtj99	Read Replies (1) \| Respond to of 56532

I guess I typed without consulting my brain. The bearish flags that formed the past couple of days broke to the upside, giving us a significant rally that may last a couple of days, IMO. Either way, I'm not playing this until we hit a local top or a local bottom. It's far too difficult to read. The Nasdaq is heading into some small resistance at the 1835-1838 range right now. Above we have 1850 and 1864 as resistance, with the ultimate tests to be 1890 and 1934. It is still 2-1/2 weeks until options expiration. We could go to 1890, stop, go down to 1675, then up again yet. September 8 is a Bradley turn date also, but I'm not sure how significant that is. It could be when we hit a pivot high at 1890 or 1934 and head back down.