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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 (5124)2/20/2002 3:18:32 PM
From: Jerry Olson  Read Replies (1) of 5893
 
ALERT THIS WAS MY MORNING UPDATE PRE MARKET TO THE BOYS AND DA GOILS<G>....

WE'LL BE SHORTING THIS RALLY AT SOME POINT SHORTLY<vbg>...

Morning everyone

well i hope your all smiling from yesterdays spectacular short sale triggers...we had some stocks down 4-5 points on the day..

i covered my shorts...and will wait to hit them again on what i suspect to be a feeble rally attempt today and maybe tomarrow...

lets watch the 1110-1115 area SPX "IF" we even get there...then i would hit the very same stocks all over again...

i'll do an update and re set the triggers tonight, we have some cycle low dates on Friday thru Monday...

remember this 1080 is critical to hold..it did before..not sure it will this time tho...

the BULLSIH PERCENT OF THE SEMIS IS NOW AT 33% HEADING BELOW THAT 30% NUMBER WE ARE LOOKING FOR...THINK ABOUT THE CORRECTION AND HOW WELL THE BIG CAP SEMIS TECHs ARE HOLDING HERE...

BP for the bio techs is at 34% and moving sideways at the moment...

many of our stocks we watch are breaking down in this final phase of the bottom forming..they are "sell all rally" type stock charts...

almost every stock on our list looks like that...please re-read sundays comments on each stock...

anyway...we are doing quite well here with our timing..i still see more downside as the P&F indicators have NOT reversed up here...

best regards

jerry
Jerry Olson
Master Class Trader
jerry.olson@verizon.net
www.buyitbuyitsellitsellit.com
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