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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (32265)	7/17/2000 9:46:03 PM
From: Jerry Olson	Read Replies (1) of 50167

Evening Ike.. yes it has been a sparkling rally off the lows..just great.. i always make more money on the long side<G>... as of right here we are due for a pullback to old resistance areas on the SPU and SPX and OEX etc.. actaully the NDX chart looks the best... however we have deadly doji's on the Spooos and SPX..at the tops today.. i am looking for an expected volitile 1-3 days down to SPX 1480/85 area...bewtween 30-40 SPX points..should do it..there are a lot of overbought stocks right here... now if we do not go that low, then the next move will be even bigger..there are not a lot of sellers out there right now... so i lightened up my longs at the top, and want to see what the next 2 days look like... before i really get aggresive...your calls have been right on target...my cycle guy had the top today almost to the numbers... anyway many of the top techs are doing well... i foresee nothing to stop them now...at least for the next 1-2 weeks... my regards as always..OJ ps: i've been KLICity KLACin again..seems they are always back for more<VBG>...

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