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Strategies & Market Trends : Effective Trading In Our Markets. Learn, then Earn

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To: HoodBuilder who wrote (1343)	8/16/2002 8:21:55 AM
From: Jerry Olson	Read Replies (1) of 1854

WRITTEN THE MORNING OF THE 15TH FOR DA TROOPS<G>...7.50 AM... Good Morning all while the guru's of Fall street and SI are wringing their hands with great fear of the "FAKE" rally, i think you should ignore it, the noise i mean<g>, and trade exactly what's in front of your face... this IS the Real Thing Rally...how high do we go??? who knows? all we play is caboose..and right now i am on the train long and strong...every single stock i own and bought yesterday on that early morning dip is much much higher right now.. all my stops are break even...that's right breakeven...if i get taken out? no harm no foul..i am trying to SWING TRADE this group of stocks and indexs...i put a lot of money to work...off the sidelines what with the NYSE BP reversing up here and getting stronger too... ok here's the deal..the DJIA breaks a triple top at 8800, it's going to happen for sure...the SPX at 930 is another triple top breakout..very powerful when you get this big cap index in a breakout mode..the OEX already broke a spread triple top at 465, but at 470 it clears all near term R...target is 500, i will enter this index on that break, and add another 1/2 postion long Sept Calls on any pullback... i am currently long selected NYSE stocks..IBM AT 72.50 ON A BUY STOP, WITH 75 THE BIG BREAKOUT THERE...I LOVE THIS CHART READ WHAT I WROTE ON SUNDAY...I BOUGHT JNJ AT 53.35, IT BROKE A TRIPLE TOP AT 55...I OWN BZH AT 61.00 A SOLID HOMEBUILDER...BOUGHT MO AT 50.10 AHEAD OF THE TRIGGER AS THE MARKET BEGAN TO RALLY... AMGN--AT 45.40 MSFT--AT 48.25 I THINK IT WILL BREAK 51 VERY INPORTANT AT THE BRL LINE.. CHIR AT 37.52 MYGN AT 23.57-- 27 IS ANOTHER BIG TIME BREAKOUT BBH AT 85.20 THIS INDEX BREAKS OUT AGAIN AT 90..TARGET? 102 THE TOP OF THE 10 WEEK TRADING BAND..I OWNED THIS AT ONE TIME RECENTLY AT 68????? GEE WHIZ... PTEN AT 24.20 THE OIL STOCK SII AT 33.40 A SERVICE SECTOR OIL STOCK I DID NOT BUY THE HOLDER OIH..SHOULD HAVE THOUGH.. I COVERED MY GM SHORT AT 42.82 FOR 30 CENT LOSS AFTER BEING UNDERWATER FOR A LONG TIME<G> WHEW!! IT WAS A GIFT...I AM NOT SS ANYTHING HERE...AND WILL PLAY THE LONG SIDE AND BUY DIPS ONLY RIGHT NOW... YOU SHOULD BE WATCHING ANY PULLBACK IN THE BBH...CEPH--IDPH---QCOM LOOKS VERY STRONG HERE I WILL ENTER THAT ONE ON A PULLBACK IT'S REVERSED UP ON IT'S CHART...MEDI LOOKS VERY STRONG TOO..BUT HOW MANY BIOS CAN YOU OWN??? THE NEXT STOCK TO ADD HERE IS INVN..DO IT.. REMEMBER WE ARE IN OPTIONS EXP WEEK..THINGS TEND TO GET VOLATILE DURING THIS WEEK, AS WELL THERE'S A HOST OF ECO NUMBER OUT THIS AM.. BRCD CAME IN GOOD LAST NIGHT..AND QLGC COULD EXPLODE HERE..I'LL CHASE THAT TODAY OR TOMAR... I AM HEADING TO NYC THIS AM BUT WILL HANG IN THE ROOM EARLY THRU 11 AM... EVERYONE..GOOD LUCK JERRY Jerry Olson MasterClassTraders.com jerry@masterclasstraders.com buyitbuyitsellitsellit.com

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