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Strategies & Market Trends : Trade/Invest with Options Jerry a Point & Figure Chartist

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To: Connor26 who wrote (2205)	5/2/2001 2:25:30 PM
From: Jerry Olson	Read Replies (4) of 5893

busy trading furiously<g> having a ball..the room rocks connor.. here's the morning mail Morning everyone... What a spectacular day, buyers were out in force...I hope everyone enjoyed this call from about 1-2 weeks ago...I saw this coming first with the bio techs then the semis, and of course all the indexs were triggering buy signals on my charts...It's important to be able to switch gears mentally to get in on this power run...It works both ways...Having a one way mentality will kill you...Just think of all those bulls that got slaughtered sitting there while the market crashed and burned...ya gotta move wit da trend folks<G>...cliche as it sounds " the trend is your friend" sure rings true huh?..and "don't fight the fed" too....so we are long and lovin it... I see heavy R just ahead on all indexs but we'll deal with that when we get there...FOMC on the 15th...should be the signal for the very next move for all indexs...The SPX is in a pennant formation on the daily chart...A break of 1270 should pop that index...ok let's look at the watch list for today.. HERE'S THE TOP TRADERS LIST... 1...CHKP---INVERSE HEAD AND SHOULDERS 15 CHART...SELLERS HAVE BEEN THERE AT 66 ALL ALONG SO FAR...66 1/2 THE BUY TRIGGER...67 1/2 EXPLOSION TIME...73 1ST TARGET...64 THE SS... 2...EMC---VERY NICE CHART HERE...42 3/4 THE BUY TRIGGER 45 1ST R...47 IS THE B/O AREA...40 3/4 THE SHORT SALE(SS) 3...NTAP---TRADED NICELY YESTERDAY...25 1/2 THE BUY 28 THE 1ST TARGET...35 IS NEXT...23 1/2 THE SS... 4...HGSI---CHART IS FABULOUS..I TOLD EVERYONE BUY ALL DIPS AT 52/53 A WEEK OR SO AGO...67 1/2 THE BUY TRIGGER...64 3/4 THE SS..COULD PULLBACK NICELY HERE FOR ENTRY.. 5...AMAT----NAZ CANNOT RUN WITHOUT THE SEMIS..IF THEY PLAYED BALL YESTERDAY IT WOULD HAVE BEEN UP 100 POINTS...56 1/4 THE BUY TRIGGER..59 TARGET..53 3/4 THE SS.. 6...IDTI---IN A TRIANGLE NEAR HEAVY R AT 43ISH...SHOULD PULLBACK SOON...41 1/4 THE BUY TRIG...39 1/4 THE SS.. 7...QLGC---LOOKS LIKE A PULLBACK IS UNDERWAY...CAREFUL ON THE LONG SIDE...45 1/2 THE BUY TRIGGER..47 IS THE REAL BUY SIGNAL...43 3/4 THE SS...37 WOULD BE A PERFECT PULLBACK AND AN AWESOME BUY IN AREA...WATCHING EITHER WAY...VOLUME WILL TELL US..IF YOUR LONG JUST SET STOPS... 8...RIMM--BASE BUILDING IN THE MIDDLE OF THE P&F CHART...35 1/4 THE BUY TRIGGER..33 1/4 THE SS... 9...VRTS---EVEN WITH ACCT PROBLEMS I STILL LOVE THIS CHART...HELD A DB AT 56 AND REVERSED UP STRONGLY...67 1/2 THE SUPER BUY TRIGGER...THE SS TRIGGER IS ALL THE WAY DOWN AT 64 1/2... 10...VTSS---HAS NOT BROKEN 35 YET...TIGHT TRADING RANGE SO FAR...WATCH THIS AND AMAT AND THE SOX FOR A BIG MOVE UP...35 1/2 THE BUY TRIGGER...33 THE SHORT... SEE YOU ALL IN THE ROOM... BEST JERRY Jerry Olson Master Class Trader... buyitbuyitsellitsellit.com

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