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

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To: HoodBuilder who wrote (5130)	2/21/2002 3:32:50 PM
From: Jerry Olson	Read Replies (1) of 5893

THANKS MIKE....YEAH RIGHT<G>.. HERE'S MY MORNING UPDATE TO THE TROOPS..WE KILLED THEM AGAIN...HEY WHAT CAN I SAY... Hi everyone here's a quick midweek update... the indexs hit a short term bottom today and bounced up a bit<g>...i am thinking we'll have 1 more day or even 1/2 day tomorrow up and into 1st R at 1110, maybe, if the street is euphoric, 1117 but i doubt it... i would short that rally for sure, unless we break above 1120... nothing has changed here on any of the charts obviously...all stocks and indexs with the exception of the DJIA/DOW/INDU are doing small backside bounces UP and INTO overhead R at the 20 & 40 emas on the daily charts... Yes we held for the 3rd time the all important 1080 area..i know we spike thru it..but i still think we'll break it for the final low maybe around 1050 or so... all the stocks we trade are continuing to break down here...lower tops and lower lows...all of our fav's are "short all rally" type trades...they are SST until; we get a key reversal up in the whole market...that will NOT happen until the OTC BP reverses back up, and the Semis/Bios do the same... now here's the triggers for our plays for manyana... BRCM----THIS STOCK HAS TOUCHED A SHORT TERM MINOR SUPPORT AREA AT 33...IT WON'T HOLD...NEW O/ R IS AT 36/37 AREA...35 3/4 THE BTL--BUY TRIGGER LONG----33 1/4 THE SST... BRCD---COMPLETELY BROKE DOWN LAST FRIDAY INTO TUES LATE..I MADE 4 POINTS HERE, AND 1 3/4 ON BRCM ----THIS STOCK WILL DO A SHORT DCB(DEAD CAT BOUNCE HERE) THATS SHORTABLE AGAIN...THE STOCK HAD AN INSIDE DAY TODAY....29 1/4 THE BTL---26 1/2 THE SST(SHORT SALE TRIGGER)... CHKP---AT MINOR SUPPORT AT 28 TODAY...DID IT BOTTOM HERE<G>..NOT IF IT PRINTS 27 FOLKS...27 1/2 THE SST---29 3/4 THE BTL CYMI---THE TOUGHEST OF THE TOUGH<G>...RIGHT NOW IT PULLED BACK TO THE 20 EMA DAILY HERE...BUT IT GAVE IT'S FIRST SELL SIGNAL...INTERESTING STOCK TO WATCH NOW..EMLX HAD THE SAME LOOK....38 3/4 THE BUY TRIGGER LONG(BTL)---36 1/2 THE SST GNSS---THIS STOCK HAS MADE ONE HECK OF A ROUND TRIP HERE..WOW!!!!--IT LOOKS VERY OVERSOLD HERE...44 THE BTL---41 1/2 THE SST... EBAY---CONTINUES TO MOVE LOWER AND BREAKING DOWN HERE...53 1/4 THE SST...55 1/2 THE BTL.. SEPR---VERY WEAK DRUG STOCK<G>---BEGINNING TO FORM A TRIANGLE MAYBE...WATCHING...39 3/4 THE BTL---37 1/2 THE SST.. CCMP---LONG TAIL DOWN FROM 65 TO 55, READY TO BOUNCE?...57 3/4 THE BTL(BUY TRIGGER LONG)---55 1/4 THE SST... EMLX---BOUNCED OFF THE 200 EMA ON THE DAILY CHART...BUT BROKE DOWN BIG AFTER FIGHTING VERY HARD...39 1/4 THE BTL---36 3/4 THE SST... QLGC---BROKE A SERIOUS SUPPORT AREA AS IT PRINTED 42 THEN 41, A SPREAD TRIPLE BOTTOM BREAKDOWN...ANY RALLY UP INTO R IS A SHORT AS ARE ALL OF THESE STOCKS...44 3/4 THE BTL---42 1/4 THE SST.. NVDA---BIG BULLISH ENGULING STICK ON THE DAILY...HIT THE BSL LINE RIGHT ON THE NUMBER..THATS A SUPPORT LING CALLED THE BULLISH SUPPORT FOR P&F'ERS...57 1/2 THE BTL---54 3/4 THE SST... VRSN----FINALLY HELD A SMALL BOTTOM HERE TODAY...25 1/2 THE BTL---23 1/2 THE SST... SEBL---BEARISH CATAPULT FORMATION..A SHORT ALL RALLY TYPE STOCK...MUST WAIT FOR 32 1/4 THE BUY THIS LONG...29 3/4 THE SST... QCOM---DOUBLE BOTTOMS TODAY AT 35 WITH A HIGH ADX READING, MEANING SELLERS MAY BE DONE FOR THE SHORT TERM...HOWEVER THE SST IS 34 3/4 WITH ANY BREAK OF 34 HOLD THAT SS...37 IS THE BTL---38 THE 3 BOX REVERSAL BACK UP... MYGN---THIS STOCK IS TRYING TO HOLD 38/39ISH THE BOTTOM HERE...39 3/4 THE BTL<G>....37 3/4 A SERIOUS SST..SERIOUS.. IDPH---THIS STOCVK HAS MADE A HIGHER LOW HERE ON GOOD NEWS...THE BUY TRIGGER LONG IS 63 1/4 A TRIPLE TOP BREAKOUT AT THE BEARISH RESISTANCE LINE FOLKS...WOOO HOOSKI..I'LL TAKE THIS TRADE AND SO WILL YOU...60 3/4 THE SST... GENZ---OUR GENZ IS RIGHT THERE TOO..HEY LOOK AT THIS...48 1/4 THE VERY NICE BTL AND A DOUBLE TOP BREAKOUT...45 3/4 THE SST...BIO'S LOOK LIKE THEIR BEGINNING TO GET THEIR ACT TOGETHER HERE... GILD---THIS STOCKS BEEN IN A TRADING RANGE SINCE JAN...IT;S IN A TRIANGLE HERE LOOKING OK...68 THE BTL...69 IS R, 70 THE DOUBLE TOP BUY SIGNAL STAY LONG...65 3/4 THE SST... IVGN---THIS BIO LOOKS LOUSY STILL...54 THE BTL...51 3/4 THE SST... THATS IT FOR TONIGHT I'M TIRED.... SEE YOU ALL IN THE AM... BEST REGARDS JERRY Jerry Olson Master Class Trader jerry.olson@verizon.net www.buyitbuyitsellitsellit.com

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