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Strategies & Market Trends : NetCurrents NTCS

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To: Teri Garner who wrote (5156)1/2/2001 11:10:13 AM
From: Jerry Olson  Read Replies (1) of 8925
 
HERE'S THE MORNIG MAIL..EVERY STOCK ON THE LIST HIT OUR SELL SHORT TRIGGER..WE ARE CONINTUING TO SHORT ALL RALLIES TODAY..

Good Morning everyone

hope your rested and ready...let's have a great new year trading..

get your yellow pads out...jot down every trade you make today...

i sent Chuck Carpino to you all this am..2 potential lows this month then a rally into mid Feb...

his basic downside target is the 12th with a pop into the 5th..let's watch it...

charts look very weak here for the big cap techs...

Teresa will now be in the ISPEC Live Room almost everyday..she is going to trade there and post her thoughts there "Real Time"..instead of end of day...

since we trade each day intraday..she felt this would be the best for us all...makes a hell of a lot of sense to me???

at 4.30 i am dead...and so is she...so that's the new game plan for this year...

anyone going to the EXPO Feb 18-20th..let me know i'll need some help in the booth..our # is 1504...i can send you free passes..as many as you wish...

ok here's the Top Traders for the Day..

1...AGIL---GAVE A LOW POLE WARNING(WHICH IS GOOD<G>)..RAN DOWN TO 37, RALLIED BACK UP HARD TO 59!!!! THE ORIGINAL DOUBLE BOTTOM BREAKDOWN AREA..LOOKS LIKE IT'S ROLLING OVER AND DOWN HERE, BACKING AND FILLING..51 THE BUY TRIGGER..46 SELL SHORT

2...ARBA---SOLD OFF AS IT BROKE SUPPORT AT 71 DOVE STRAIGHT DOWN TO 44...REVERSED BACK UP ON A DCB(DEAD CAT BOUNCE) TO 57...ALSO BACKING AND FILLING NOW...56 THE BUY---50 SELL SHORT

3...CHKP--VOLITILE AS THEY COME WITH A BEARISH BIAS..132 IS THE SS--139 THE BUY TRIGGER...IF IT BREAKS 132 HARD IT DOES HAVE SOME SUPPORT AT 128...

4...HGSI---I KEEP COMING BACK TO THIS STOCK, AND WILL OTHERS AS WELL AS THEIR INDIVIDUAL CHARTS HAVE HELD UP SO FAR...GAVE A DOUBLE TOP BUY AT 73 RECENTLY, BUT SOLD OFF LIKE EVERYTHING ELSE...ON FRIDAY...72 IS THE BUY TRIGGER---66 SELL SHORT..

5...ITWO---BUY TRIGGER LAST WEEK AT 57, A DOUBLE TOP BUY, IT POPPED TO 62 WITHOUT ME AND I WAS IN THE TRADE EARLY...THEN AS DID EVERYTHING ELSE SOLD OFF ON FRIDAY DOWN TO HE UPTRENDLINE AT 52ISH..WATCH FOR A NICE POP HERE BUT YOU'LL NEED PATIENCE WITH THIS ONE...57 THE BUY 51 3/4 THE SS(SHORT SALE)

6...IWOV---BROKE OUT AT THE DT BUY SIGNAL AT 66 EXPLODED TO 78 AND HAS REVERSED BACK DOWN HERE RIGHT BACK TO THE BREAKOUT NUMBER...SPLITS 2-1 ON TUES...TODAY...68 THE BUY, 63 3/4 THE SS...

7...MUSE---62 IS THE BUY TRIGGER..57 3/4 THE SS...TIS STOCK CAN REALLY MOVE EITHER WAY..

8...NEWP---81 IS THE BUY TRIGGER---74 3/4 THE SELL..IT RIGHT IN DA MIDDLE AGAIN<VBG>...

9...NUAN--HIT THE UP TRENDLINE AT 41....AND HELD SO FAR...44 1/2 TRIGGER LONG---38 SELL SHORT...

10...ISSX--VOLITILE STOCK...79 IS THE LONG TRIGGER IF IT HOLDS HERE..AND 73 3/4 IS THE SS...

HERE'S MY TAKE ON THE QQQ'S...

THEY BROKE A DOUBLE BOTTOM AT 65 SOLD OFF DOWN TO 55 THE RECENT LOWS...THEY REVERSED UP HERE LAST WEEK AND HIT 62...AND NOW ROLLING OVER HERE TO MAYBE TEST THE LOWS AT 55..OR?? MAKE A HIGHER LOW..I'LL BE WATCHING THIS...

HERE'S MY TAKE ON JDSU----

IDENTICAL CHART TO THE QQQ'S...MANY OTHER STOCK CHARTS ARE THE SAME AS WELL.. IT BROKE DOWN AT THE DOUBLE BOTTOM SELL AREA AT 64..PLUNGED STRAIGHT DOWN TO 37??? YEAH 37...IT REVERSED BACK UP ON A DEAD CAT BOUNCE TO 47, AND HAS ROLLED OVER HERE TO TEST THE BOTTOM AGAIN AT 37...WATCH A HARD PRINT TO 45 BEFORE A PRINT OF 41...IMPORTANT...IF IT BREAKS 37?? ALL BETS ARE OFF..

OK GOOD LUCK TODAY..

the room name this week all week will be..

stocks options futures live with oj and t-lo

password is in the Ispec Live Room...

see you later...

juice..
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