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Strategies & Market Trends : Trading with Jerry Olson(OJ)

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To: Frederick Langford who wrote (293)11/20/2002 1:12:37 PM
From: Jerry Olson  Read Replies (1) of 1617
 
HERE'S MY MOPRING UPDATE TO THE TROOPS...

Good Morning all

well it's now or never time in the markets...we MUST hold 865 SPX...we're sitting about 50% down from the recent top on the fibo retrace...

the BPOPTI on P&F just went BULL CONFIRMED by breaking a double top...very positive...

hey look, anything can happen here..but i am still bullish and i'm staying long...I have a solid 8 point cushion from profits on those stocks i sold early Mon...

but if we begin to rally up today and reverse on the P&F chart, i'll add to my longs...

1400 is the 3 box reversal back up on the COMPX...

8600 the 3 box up on the DOW with 8650 the double top buy signal...

on the NDX 1050 is the number....

so set alerts...and let's see what happens...

HERE'S SOME STOCKS TO DAYTRADE OR POSITION TRADE...WHILE THE MARKETS MAKE UP THEIR MINDS...

CCMP---I WENT LONG THIS STOCK AT 51.80 LATE YESTERDAY...52.70 THE BTL...50.80 THE SST...

EBAY---VERY NICE CHART..COULD SEE A BIT LOWER ...66.20 THE BTL...64.35 THE SST...

QCOM--IN A 3 BOX REVERSAL HERE...IT COULD MOVE LOWER..BUT I AM BETTING MARKET WILLING IT DOES NOT...38 THE BTL...36 THE SST...40 IS THE 3 BOX REVERSAL BACK UP..

QLGC---AT THE LOWER END OF A COLUMN OF X'S..IT MUST MOVE UP HERE...40.30 THE BTL...38.25 THE SST...37 IS A DB BREAKDOWN..AND NEGATIVE...

KLAC---CC WAS SO SO..BUT NO WARNINGS...I WAS SHORT AND COVERED TO SOON IT WAS A GOOD ENTRY...37.80 THE BTL...35.80 THE SST AND 34 IS THE DB BREAKDOWN AND NEGATIVE...

MERQ---I'M THINKING I MAY GET STOPPED OUT HERE...IT STILL HAS NOT REVERSED BACK DOWN TO 27...IT'S RIGHT IN THE MIDDLE...30.20 THE BTL...28.20 THE SST..

MYGN---GETTING READY TO POP MARKET WILLING...20.20 THE BTL...18.90 THE SST...

BRCM--DOUBLE DOJI'S ON THE DAILY...NEEDS TO CORRECT 3 BOXES TO ABOUT 14.50 OR 15...16.20 THE BTL...15 THE SST..

INTU--HOLDING 49 HERE...AT THE BSL LINE...51 THE BTL...49 THE SST...

GNSS--- DOJI TOP WITH ANOTHER BAD BAR..IT'S CORRECTING HERE...17 THE BTL...15.70 THE SST...

OK LET'S SEE WHAT THEY WANT TO DO TODAY...

SEE YOU IN THE ROOM

JERRY



Jerry Olson
jerry.olson@verizon.net
www.buyitbuyitsellitsellit.com

freddie..trail them up pal...
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