Trade/Invest with Options Jerry a Point & Figure Chartist Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jerry Olson who wrote (4909)	1/24/2002 10:34:10 AM
From: Jerry Olson	Read Replies (2) of 5893

just some quick thoughts this am...before the open..but my e-mail was down.. Morning all i will not be in the room this am i am going for some blood work prior to an annual checkup..so i will be there later today.... i feel this technical bounce is a shortable bounce...no longs for the buy and hold crowd<G> we are going lower for sure... i suspect right after the FOMC next week, we'll correct the excesses and pullback to more normal numbers everywhere... i want you to concentrate on the stocks we love to short now...i'll put together a list over the weekend for their "technical" setups..but the semis and bios are at the top of that list.. i would think a very important indicator on P&F the BPOPTI is going to reverse down today..a big time negative... from the double top at 1175..we touched 1117 yesterday and bounced..we all talked about this technical bounce in the room...so a perfect 58 point decline..let's give it a 50% retrace back up...so 1145/46 area would be a good start to setting up your shorts.. the market may selloff in front of the fed being scared they will not cut..i too think they won't and should not cut anymore..the eco reports look a lot better lately...we are bottoming in the semis too... so we have a game plan, let's be cool calm and collected...on this rally you should be writting covered calls...hedging your longs and not taking any long positions here.. see you later jerry Jerry Olson Master Class Trader jerry.olson@verizon.net www.buyitbuyitsellitsellit.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next