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

To: LTK007 who wrote (46398)	9/4/2001 4:45:33 PM
From: ajtj99	Respond to of 56532

Max, I saw the bearish flag yesterday posted on LG's new site at Investor's Hub. It was on the 60-minute chart, and it completely escaped me, probably because I wasn't paying much attention to the 15 and 60-minute charts the past couple of days. It was a huge red herring. The goofy thing was the head-fake breach upwards of the flag, followed by the incredible sell-off at the end of the day. I expected a sell-off, but when the big boost came this AM I kind of threw in the towel on that. It seems the correct play today was no play, at least for me (although I was close to getting puts at QQQ 37.19, just too busy with other things to pull the trigger).