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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (37451)	3/23/2001 6:34:45 AM
From: Jerry Olson	Read Replies (1) of 50167

Morning Ike.. we trade the markets intraday...we do go into the day via "neutral" mode..but we change mid stream all the time IKe..NO we are not holding anything OVERNIGHT... we went long late in the day all those stocks i mentioned as "Daytrades" only...and closed all positions before 4.00.pm est...thats what we do...we are not investing just yet...we are daytrading, scalping and loving this volitility..i follow the futures markets, the NQ's and S&P's for guidence as to where the markets moving during the day..and that determines our long or short thinking... it turned up beautifully thru our resistance areas and we went heavily long... as for the Book to Bill?..i can tell you this much..obviously it's already priced in to this market... however...there are no orders out there...it's dead in Asia and elsewhere..but this could be the bottom??? i don;t know that yet.. my thinking is this..if we so much as move sideways for the next BtoB..then a hugh rally will ensue...and if we uptick??? the bears will be chased heavily in to the woods by the bulls...<g>.. the SOX was and is and always will be for me the KEY to the markets...so let's see Ike where we bounce to... first things first...

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