Trading with Jerry Olson(OJ) Message Board

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

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To: Jerry Olson who wrote (516)	1/2/2003 11:52:46 AM
From: Jerry Olson	Read Replies (1) of 1617

MY UPDATE PRE NEW YEARS....... Good Morning everyone... I want to take this opportunity to wish you all a very Happy New Year...Thank you for your continued support for my services, the newsletter and real time room..I truly appreciate it... Well as I've been writing about the BP OPTI has in fact reversed back down 3 boxes...But even more important is the fact that the BP OTC is now under 1% away from a reversal too...-.77% this is a tremendous negative situation... "IF" we get any rally(and I think we will) into earnings, I want you to hedge or sell or exit all longs when I tell you to do it...I doubt this rally will have any legs at all..it will be feeble at best, because all the internals are getting worse as we speak...use your heads..this is NO time to INVEST...forget it...so take this opportunity to exit... I don't have a clue how high we'll go, but there's a ton of overhead resistance all the way back up here...DO NOT FALL IN LOVE WITH ANY STOCK... another thin trading week folks..don't force trades...we'll see the real action on the 6th... btw the BP SEMI is 47.54% made another O yesterday and is coming down to my target of 45%, that was the break out area. The semis will POP first on the coming rally...we could use the SMH in a position type trade...One caveat is we do not want to see that index or ETF break 22, thats a double bottom break..we'll have to wait for it to reverse back up if it happens...but it's sitting at a double bottom right here... ok here's some stocks to trade ...................... AMZN---SO FAR IT HELD CRITICAL S(SUPPORT)....19.80 THE BTL....18.85 THE SST... IBM---I AM SHORT THIS ONE...76.46---------------BTL IS AT 77.25---SST IS AT 75.55 QCOM---BTL AT 37.50---SST AT 36.20 WITH 35 A NO NO...STAY SHORT THERE.. EBAY---WILL NOT DIE..AMAZING...68.35 THE BTL----67.10 THE SST MSFT---BTL AT 53.30---SST AT 52... CYMI---ROUND TRIP KING---BTL AT 32.75---SST AT 31.65 MERQ---IN THE MIDDLE HERE---30.65 THE BTL...29.75 THE SST... AMGN---49.80 THE BTL...SST AT 48.40 IDPH---WEAKER HERE....BTK BROKE DOWN---33.80 THE BTL---32.45 THE SST.. MO---41.85 THE BTL---40.90 THE SST... WE HAD EXCELLENT SHORT TRIGGERS ON GOLD STOCKS YESTERDAY ASA & NEM...GOLD IS BEING SOLD HERE WITH THE BP AT 74%...RISK REWARD IS NOT THERE ANYMORE... OK LET ME LIST HERE ALL MY SHORTHAND PHRASES FOR ALL THE NEWBIES... BTL---BUY TRIGGER LONG SST---SHORT SALE TRIGGER BP---BULLISH PERCENT A POINT AND FIGURE TERM---PERCENT OF STOCKS ON BUY AND SELL SIGNALS S---SUPPORT R---RESISTANCE 3BXRVUP---3 BOX REVERSAL UP OR DOWN(DN) SPOOOS--ES03H DT---DOUBLE TOP DB---DOUBLE BOTTOM BSL---BULLISH SUPPORT LINE BRL---BEARISH RESISTANCE LINE O/H---OVERHEAD B/O---BREAKOUT IF YOU HAVE ANY OTHERS THAT YOU READ LET ME KNOW... SEE YOU ALL IN THE ROOM WARMEST HOLIDAY REGARDS JER

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