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

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To: Jerry Olson who wrote (3194)8/17/2001 6:51:26 AM
From: Jerry Olson  Read Replies (1) of 5893
 
Here's a brief note i sent out to da troops on Weds the 15th...i am 100% in cash..resting and thinking..<g>

Good Morning all..

well AMAT came in better than expected, whew!!! and how about NVDA...blowout numbers and guidence..a must to own on any pullback...

Here's the game plan...2 senarios..

we have cycle lows coming in this Friday or so...if thats the case watch for it and look to re-buy the same stocks we've been talking about, the SEMIS..and now the bio techs have started to reverse up here....Telecom sector reversaed up into Bull Alert too..QCOM is in that sector a must own stock...

the BTK is now in a colume of X's and so is the BBH...watch are fav's there..PDLI--MYGN--HGSI--PDLI--IDPH

2nd idea is this..if we can take out 1205 SPX with volume..i would go long then and there using trailing stops.....2005 on the NAZ and 1670 NDX..these are heavy resistance areas that need to pop..

so set your alerts and get ready for the FED next Tues...

i like the charts overall here of all the indexs...and while people are scared to death worrying about the impending doom...we are not...not here and not now...

doom and gloom will come soon enough...

i want you all to use the newsletter stocks for trading ideas...these have the best chart patterns of all stocks i watch...

i'll wait now to see if we breakout..or pullback thru the remainder of this week...i'd prefer a pullback to a higher low...then reverse back up off that...

my Sunday nite letter should be important for the next 1-2 weeks of trading...

many of you are still having ants in your pants..i promise you all..we will not miss this next move...either way...hang tough..and protect your capital at all costs..without money in your accts..your done..finished..kaput...

talk to you later...

be cool today

best

jer
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