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Check-raising is a bad play, in my opinion. Opponent probably has A-A, K-K, Q-Q, T-T, 9-9, A-Q or A-K. Check-raising encourages him to slow down or fold with A-A, Q-Q, 9-9 or A-K (hands we beat), and put us all-in with K-K, T-T, or A-Q. We've basically encouraged our opponent to play optimally with everything but T-T.
Also, if his reraising ranges consists mostly of the aforementioned hands (I don't suspect he's reraising many weak hands against a probable bad player), the nuts is actually his most likely holding on the flop (aces and queens are completely live in the deck, so this hand is dealt most frequently), particularly if he shows strength. I personally think this is a spot where you might want to proceed cautiously if opponent shows a lot of strength. Sets are nice, but this is a very dangerous board for our hand given the previous action.
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