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

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To: __HD who wrote (295)11/21/2002 11:46:07 AM
From: Jerry Olson  Read Replies (2) of 1617
 
Harry BINGO....

HERE'S MY MORNING UPDATE TO ME SUBSCRIBERS AND REAL TIME ROOM MEMEBERS..

Good Morning everyone...

well the scenario i laid out over the last few weeks and this past newsletter is finally coming to the fore...

we had 3 box reversals up on the DOW-NDX-SPX-SOX ETC...

I am bullish here despite the fear thats out there..while i am a realist i have to trade the plan, and the charts...and ignore all the noise and speculation out there...

for now? i picked up HPQ at 18.00 last night and QLGC at 41.95..still holding ELX---RFMD--MSFT--INTC--DELL-MERQ-& THE SMH...just bought brcm at 18.20...

I AM GOING TO BUY EXPE & ERTS PRE MARKET FOR A HOLD INTO THE XMAS SEASON..EBAY LOOKS GREAT TOO..

WHEN THE SOX BREAKS 340 THIS MORNING AND THE NDX TAKES OUT 1080 AND THE QQQ BREAKS 27 WE ARE GOING MUCH MUCH HIGHER..

930 IS THE BREAKOUT ON THE SPX...IMPORTANT...375 IS THE BREAKOUT ON THE BTK...

I THNK INTC WILL FINALLY BREAK OUT OF THAT HEAVY O/H R AREA AT 19.50 AND PRINT 20 TODAY...THAT WOULD BE VERY NICE...MSFT WILL PARTICIPATE TOO...

ONE NEGATIVE THIS AM..GE WARNS AND REDUCES 2002 NUMBERS IT COULD BE A DRAG ON THE WHOLE MARKET...WE'LL SEE...

BOTH ERTS & EXPE ARE IN VERY LARGE TRIANGLES ON P&F....ERTS BTL AT 67.25 TAKE IT...EXPE BTL 74.70...ALSO LOOKS GOOD HERE...BOTH HAVE HELD THE BSL LINE ALL THE WAY.....

CCMP---BTL 54.50 AND THE SST...52.95

GNSS---18.75 THE BTL...17.40 THE SST...

INTU---52 THE BTL...50.20 THEW SST..

KLAC---40.50 THE BTL AND A NICE ONE...38.90 THE SST..

NXTL---14.30 THE BTL...13.25 THE SST,,,

MERQ---32.25 THE BTL...30.70 THE SST...

YESTERDAY..MYGN BROKE OUT...NTAP MUST CLEAR 12 ON GOOD VOLUME...RFMD WILL ROLL IF WE MOVE UP 10.50 THE GOOD NUMBER THERE...11 THE 1ST TARGET...ELX BREAKS OUT AT 23...NVLS AT 36...A BIG POP THERE...QCOM BREAKS OUT AT 41...

CHARTS ARE DEVELOPING NICELY ALL OVER THE PLACE...either way

ANYWAY...THIS ADVANCE SHOULD BE SLOW AND NICE..PLEASE TRAIL UP STOPS WE ARE GETTING OVERBOUGHT...


futures are up nicely this am....stay long all the way here..

see you all in the room...we are rocking and rolling..

JERRY







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