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Strategies & Market Trends : NetCurrents NTCS

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To: Rich1 who wrote (5178)	1/4/2001 12:34:37 PM
From: Jerry Olson	Read Replies (1) of 8925

here's the morning mail... we had fun before the doldrums..called PDLI short at 82 it's still falling<g>..CFLO..hehehehehehehe traded RBAK and a few others..long.... now long AMAT-TQNT and sundry others.. hope everyone is doing ok... $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ Well, wan't that special?<VBG>... holy kamoley spaceman....that was some surprise move...incredible...yeah terrific..so???? what now???...what now you ask???...hmmmmm...let's not change our game plan just yet.. Dreamin Man is right...we are NOT out of the woods just yet....while i feel the floor is in now..the street will still sell the dogs with fleas... Let's not get too euphoric...keep calm<g>....and let's trade the day as we always do..with style and grace.... yes i think we can begin to buy and hold some stocks now...but as soon as these corp's announce eps for Dec Q...they will WARN for the next 1 or 2 Q's....the street will sell that news...again...we should be cautiously optimistic...period.. we do not fight the FED..ever..i told you...valuations....profits--revenues really count...but even in the face of all the negative thinking over the next 2 Q's...the fundies were buying over the last 4-5 days.. we saw this stealth buying...we pointed it out..just the other day..when Dan Niles downgraded INTC..i saw KLIC move up..the little bellweather stock of the entire semi equipment group...i knew the semis are done moving lower...they truly have bottomed...they will base build now for the expected move up after this quarter.. even yesterday, we played that day just like a fine tuned fiddle...in the morning we traded both long and short..closed out our positions before the doldrums...and we got ready for freddy when the event took place on the long side.... i was excited..but traded calmly..all day it was nice...anyway..let's get back to basics..the markets will thats for sure... I want to congradulate Robin 187..she has been a wonderful student of Teresa's and i've been trying to help a bit too...but i am so proud of her guts, and determination, i had to write about it..over the last 2 days..she has bagged a high 4 digit profit in several trades..that was truly technical trading at it's best...CONGRADTS ROBIN..WAY TA GO!!!!!<vbg>... OK HERE'S THE TOP TRADERS WATCH LIST FOR TODAY....THERE SHOULD BE A CONSOLIDATION DAY..A PULLBACK... 1....ADBE--BROKE A TRIPLE BOTTOM AT 56, PLUNGED TO 45, AND OF COURSE REVERSED UP YESTERDAY RIGHT TO HARD RESISTANCE(R) AT 60..THIS COULD BE A GOOD SHORT TODAY...56 1/2 IS THE SHORT TRIGGER...ABOVE 61 1/2 IS THE BUY.. 2...CFLO---A POSSIBLE SHORT HERE..RAN UP TO R...LOOK FOR IT TO PULLBACK TO 16 3/4 A SHORTSALE THERE....ANY BREAK OF YESTERDAYS HIGHS WOULD BE A SCALP LONG ONLY.. 3...SAWS---IN A BULLISH TRIANGLE...47 1/2/48 IS THE BUY TRIGGER..43 3/4 IS THE SS... 4...ISSX--RIGHT AT THR R LINE...SHOULD REVERSE DOWN HERE..LOOK FOR 72 3/4 SS...77 3/4 THE BUY TRIGGER 5...MVSN---ANOTHER POSSIBLE SHORT HERE..RALLIED RIGHT UP TO R...59 3/4 SS...66 THE BUY TRIGGER..WAIT FOR IT.. 6...SANM--VERY POWERFUL MOVE YESTERDAY..SOLD OFF AND PLUNGED TO 62, REVERSED UP AND GAVE A BUY TRIGGER DT, AT 81..THIS WILL PULLBACK BUT WE CAN TRADE IT LONG...84 3/4 THE BUY...IF IT BREAKS 79 IT'S A SHORT SALE..SCALP ONLY.. 7...NTAP---I SAID THE CHART THE OTHER DAY WAS WEAK..LOOKS LIKE A GOOD SHORT HERE TODAY OFF THE RUN TO HARD R AT 64....60 3/4 IS THE SS...A BREAK OVER YESTERDAYS HIGH IS THE BUY 8...MYGN---A POTENTIAL SHORT FOR TODAY..RALLIED TO HARD R..AT 73/74 WATCH FOR A SS TRIGGER AT 70 3/4...77 IS THE ACTUAL BUY... 9...JDSU..BEAUTIFUL REVERSAL YESTERDAY IT SHOWED SOME STRENGTH...GAVE A BUY SIGNAL AT 49..RAN TO 54..SHOULD PULLBACK TO 47/48 AREA...I'D BUY IT THERE IF IT GETS THERE...ON THE REVERSAL BACK UP.. 10...NEWP---PLUNGED EARLY TO HIT 61..WHEW!! THEN EXPLODED STRAIGHT UP ALMOST 30 POINTS TO 92???? AMAZING...IT'S RUN UP TOO HIGH..LOOK FOR IT TO PULLBACK TOWARD UPPER 70'S THE SELL TRIGGER IS 87... BEST OF LUCK TODAY... i will be commiting some long term capital after Carpino/Hahn lows next week..the 11th and 12th... see you in da room...same password... later juice...

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