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Strategies & Market Trends : NetCurrents NTCS

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To: Jerry Olson who wrote (5163)	1/3/2001 5:26:36 PM
From: Jerry Olson	Read Replies (2) of 8925

Good Morning everyone... hmmmmm...selling???..tax loss???..seemed like capitulation type selling to me...VIX spiked up nicely...big green range expansion stick...looks good for a dead cat bounce rally starting some time today and on into the EMPL report om Fri... so let's see what happens...shorting at the bottom is nonsense...we can short the rally? but not the short short... i wanted to say to everyone, please do not wait for me to take a position in a stock trigger...not necessary..when i call a trigger it's ok to take a position in that trigger with me or without... i had so many stocks trigger all day yetserday i felt it was MUCH more important to call those triggers than to trade...besides i must have gotten 30 e-mails, intraday because of subscriptions that expired and people didn;t renew on time???..i do send out in advance an e-mail to alert you..Teresa has it automatically..as a cut off...so if you renew it should be timely... also the site had a probelm yesterday we couldn't post charts... anyway..i am looking for a 1-2-3 day dead cat bounce in the markets and our favorite stocks...let's wait for the slam in the morning..then we'll see...we had some wonderful solid triggers yesterday.. even GE and CSCO were right on the money...it looks like both Carpino and Hahn have the 11th to the 12th as a cycle low...so we shall short this bear market rally...then??? we'll see... and of course we go in to the trading today neutral//if it's a trend day down so be it..we do not fight the daily trend... well lets just keep on truckin as per usual...please do not hold anything over night...don;t do it..earnings warnings are rampant...and cash is king, you'll sleep better too<g>... here's the Traders Watch List for today.. 1...AMCC...WHILE IT TRIGGERED A SHORT AT 72...IT HAS NOT VIOLATED THE CHART PATTERN YET..THIS WAS A PULLBACK IN AN UPTREND..LET'S WATCH THE ACTION TODAY BOTH WAYS...WAIT FOR 66 1/2 LONG..AND 61 3/4 SELL SHORT... 2...AGIL---HELD A TRIPLE BOTTOM HERE...ON THE DAILY CANDLE CHART...39 IS THE BUY TRIGGER...34 3/4 IS THE SS...THIS WOULD BE A TRIPLE BOTTOM BREAKDOWN.. 3...CMRC...HELD THE BOTTOM YESTERDAY...WATCH 20 1/2 FOR A BUY TRIGGER..BUT ANYTHING BELOW 17 IS A SHORT SALE... 4...HGSI---HELD A TRIPLE BOTTOM BUT PIERCED THRU THE UPTREND LINE..ON A SPIKE..63 1/2 BUY IT...56 3/4 IS A BIG SHORT...PDLI-GENZ-MYGN MAY ALL BOUNCE TODAY.. 5....MUSE---HELD THE UPTREND LINE AT 46...49 IS THE BUY TRIGGER...42 THE SS..IT'S STRAIGHT DOWN FROM 70...DCB HERE??? 6...QCOM--BROKE DOWN OUT OF A BIG TRIANGLE ON THE DAILY CANDLE CHART..NEGATIVE MOVE...74 IS THE BUY, 69 3/4 THE SELL..I WOULD BE SHORTING ALL RALLIES IN THIS STOCK AS WE MOVE FORWARD.. 7..TIBX--BUY IT AT 39 1/2 TRIGGER..FOR A QUICKY SCALP TO THE 20 EMA ON THE DAILY..AT 42/43...THE SHORT SALE IS MUCH LOWER HERE 33 3/4... 8...EMLX---OVERSOLD BIG TIME...66 IS THE BUY TRIGGER..61 3/4 THE SS...STILL WITHIN A RISING CHANNEL..BANGING OFF THE TOP AND THE BOTTOM.. 9...KREM--HEY WHAT A POWERHOUSE LONG HERE<G>..HELD VERY WELL...81 1/2 THE BUY...74 3/4 THE SELL.. 10...MVSN---GIGANTIC PLUNGE YESTERDAY 18 POINTS STRAIGHT DOWN...BUT IT HELD THE BSL LINE ON P&F...LOOK FOR A DCB(DEAD CAT BOUNCE) 56 1/2 THE BUY...FOR A RUN TO 62/63..VERY OVERSOLD...48 3/4 A SS.. SEE YOU IN DA ROOM... later OJ

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