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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (37823)	4/3/2001 9:59:38 AM
From: Jerry Olson	Read Replies (1) of 50167

HEAVY SELLING PRESURE HERE TODAY...THIS IS A TREND DAY DOWN...NEGATIVE TICK AND TRIN SO FAR..ALL STOCKS TRIGGERED THIS AM AS SHORT SALES.. COMPX TRIGGERED A SHORT AT 1750...NO LONGS SIDE TRADES HERE.. MY MORNING E-MAIL... Good MORNING ALL.. well the SOX broke my target number yesterday at 500..been harping on this triple bottom for weeks...The NAZ will break a double bottom today at 1750..also not a good sign..I have never seen so many single digit stocks before???..Lots of teenagers too<G>..amazing...Have we bottomed??? Not on your life...Keep watching 1080 SPX the hammer bottom on March 22nd... DJIA hit a double top at 9950+ and has rolled over and down here by 3 boxes on P&F..i had my 1st target at 9400/9500 with a test of the recent lows a certainty some time in the next 2 weeks...we break that? lookout below... SOX Breaks the tiple at 500 and actually has the potential to hit 400 before it's all said and done...480 is another big break on a longer term chart... NAZ should break 1750 today give yet another sell signal, after a feeble attempt at a dcb rally that went nowhere...1450-1500 is the downside target..simply mindboggling... SPX has that hammer bottom on Mar 22nd at 1080, i think we test that soon, and break that this month at some point for the real capitulation bottom... April is my birthday month..i'll be 60 years old...this WILL be "THE" bottom..bet on it<VBG>... HERE'S THE CONSTANT WATCH LIST OF TOP TRADERS...MID DOUBLE DIGIT STOCKS???SO FAR!!!!!!!!!!!!...BTW FWIW..ALL MY TRIGGERS ARE ONLY BASIC AREAS OF SUPPORTS AND RESISTANCES..THAT WILL GET BROKEN AND TRIGGER BUYS OR SELLS..THEY ALWAYS NEED TO BE ADJUSTED AT SOME POINT INTRADAY... 1...IBM--STILL MOVING LOWER HERE..SOLD OFF AFTER MAKING THAT INTERMEDIATE TOP AT 100..HAD A HAMMER BOTTOM YESTERDAY BUT EVERY HAMMER I LOOKED AT WAS BROKEN WITH A VENGENCE..93 1/2 THE SHORT SALE(SS) COULD TEST 89 FAST...95 1/2 THE BUY TRIGGER.. 2...CHKP---IT'S ROLLED OVER AND DOWN HERE ON P&F AFTER THE EXPECTED TRIPLE BOTTOM RALLY BACK UP...IT HIT 50, 51 WAS THE SS TRIGGER ON THE TRIPLE BOTTOM BREAK..45 3/4 THE SS...SHOULD TEST 43 SOME SUPPORT THERE..48 IS THE BUY TRIGGER 3...CIEN---DCB OFF THAT 48 SELL TRIGGER, PLUNGED TO 37 AND DCB UP TO 43..TRADED IN A TIGHT RANGE YESTERDAY...41 1/2 THE SS TEST 37!!! 43 1/2 THE BUY TRIGGER... 4...QCOM---IN AN AMAZING P&F CHART PATTERN...CONTINUES TO GIVE SELL SIGNALS MAKING LOWER LOWS HERE...50 1/2 THE SS 1ST TARGET 48, A BREAK OF 47 IS CLIFF DIVING TIME...52 3/4 THE BUY TRIGGER 5...CMVT---GAVE A SELL SIGNAL ON P&F AT 54..53 3/4 THE SS..56 1/4 THE BUY TRIGGER..WILD AND WHOOLY... 6...NVDA---CASCADING LOWER AND LOWER NOW OFF THAT MAJOR TOP LAST THURS...61 IS THE SS TARGET 57...63 1/2 THE BUY TRIGGER 7...VRSN---STILL IN A TIGHT TRADING RANGE...30-38..34 1/4 THE SS SHOULD TEST 30ISH..36 3/4 THE BUY TRIG..39 IS A BIG BREAKOUT NUMBER..29 IS DEATH AND DESTRUCTION.. 8...BEAS---MUST HOLD 23 RIGHT NOW...IF IT PRINTS 22 CRASH HELMUTS ON PLEASE...HOLDING AT GAP SUPPORT...24 1/2 THE SS..26 3/4 THE BUY TRIGGER.. 9...MERQ---A SERIOUS SHORT HERE...LOOKS LIKE A PERFECT H&S ON THE 15 MIN CHART...38 SS TEST 35..40 1/2 THE BUY.. 10...HGSI---TRIGGERED A SS AT 44 3/4 YESTERDAY AND GAVE 3 CONSECUTIVE CONTINUATION SELL SIGNALS KEEPING YOU IN THIS TRADE SHORT ALL DAY TILL IT HIT 40 1/2...WONDERFUL SHORT PLAY...39 3/4 THE SS..TEST 36...42 1/2 BUY TRIGGER.. HAVE A GREAT TRADING DAY...BE IN CASH EACH NIGHT...NO LONG INVESTMENT POSITIONS NOW...WAIT FOR MY BRITHDAY<g>... SEE YOU IN THE ROOM..ADMIN NUMBER IS 4433...PASSWORD IS rallymode... best to you and yours jerry Jerry Olson Master Class Trader buyitbuyitsellitsellit.com

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