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

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To: Frederick Langford who wrote (2555)6/20/2001 7:35:01 AM
From: Jerry Olson  Read Replies (2) of 5893
 
Fred

like i've been saying ad nausem...NO ORDERS....

the SOX will break for sure..AMAT ready to plunge along with other semis...that means the NAZ will too...

from just 3 short weeks ago, when i wrote about us being heavily overbought, we are still NOT out of the woods...

NO LONGS here....not till after major cycles lows at the end of this month...

we are shorting all rallies...i think if we break Fridays SPX lows, we plunge to 1190, then 1170, then maybe a full round trip to the April lows..1100 SPX...it could happen...

i have pounded the table in every newsletter to HEDGE your long portfolio's..using PUTS, Covered Calls, or an outright SELL...

while other's have been slow to see the light...they'll see it now...

after a 1 1/2 year plunge from the top...we are still in deep trouble..FED or no FED...one lousy rally from the April lows to the May top..big deal...it suckered the longs...

these so called SI Guru's have taken their flocks to the slaughter, over and over again and again...for 1 1/2 years straight down into hell....

even a blind squirrel finds an acorn...even a clock is right 2 times a day...

charts do not lie....only people with hugh ego's that eilimnate the legitmate Other side of the coin.....trying to cover their gigantic missed calls...

one way charlies....i feel sorry for those followers that blindly dove into the abyss...these so called pundits with paranoid minds, and a disgusting display of low life rethoric finally shows them up for what they are...

i leave the rest for everyone's imagination...
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