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Strategies & Market Trends : NetCurrents NTCS

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To: jenann1550 who wrote (1668)	10/25/2000 11:29:53 AM
From: Jerry Olson	Read Replies (2) of 8925

HI Jenann great trade...i am out of the door to the dentist..here's a copy of the morning e-mail..i sent out too you and others.. Morning we are 5 points away from lock limit on the NAZ futures... the NQ00Z....the S&P's or e-mini..ES00Z IS DOWN 12 ALREADY.. MANY DOWNGRADES today...fiber optics are getting killed...NT-JDSU-AMCC also the semis got banged again.... this should be the washout in the sector i am looking for...VTSS-PMCS-MU etc will get slammed today...THE BOOK TO BILL CAME IN MUCH LOWER THAN EXPECTED.. in a recent morning report i included the retrace limits on this rally. I thought we would or could reach..we did not even get close on most of the indexs..before we reversed back down here.. this weakness is not good..the rally looked powerful but just pettered out, no conviction..the buyers were trapped...now they will sell sell sell... there are double digit numbers pre market on a ton of stocks to the downside...people will capitulate soon...thats why i say..cash is king..daytrading has a place for everyone even the buy and hold crowd...think about everyone that purchased these high flyers on this last rally of 4 days???, and now this am???..they are sick to their stomacks...i know because it happened to me over and over again...no more... not saying you shouldn't invest...but holy cow...people's portfolio's are decimated this year...you need a game plan to review your holdings 2-3-4 times a year, and try to sell near the top...then buy in near the bottom.. i believe Teresa and me, can and will help as we move forward...i love her professional thinking, and i have an excellent handle on Point & Figure charting with sectors, bell curves, etc...so we will be trying to help people cull their portfolio's during the year..i have several ideas on how we can best serve you... what with this lousy down opening..stand aside for the first 15-20 minutes...we can trade the bounce if you like...but for a scalp only... i have a dentist appt at 11.30..so will be out for????? add these stocks to your watch list...for longs...after the carnage.. PWER MANH SEBL AFFX TECH VRTA AMZN VERT CNET FMKT i can't give buy triggers here because of this selloff... SHORTS THE WHOLE MARKET???<G> VTSS FORR TIBX DSPG BMCS MU??? IRF ALL THE FIRBE OPTICS AND THEIR SUPPLIERS..TRICLE DOWN EFFECT HERE... anyway..please be cool here..don't panic...and stand aside till we see if this is a sell all rallies day... regards to you Jerry

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