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

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To: Jerry Olson who wrote (518)1/2/2003 11:55:08 AM
From: Jerry Olson  Read Replies (2) of 1617
 
AND HERE WAS THIS AM'S UIPDATE TOO..HAVE A GOPOD ONE..

Good Morning all...

Hope you all enjoyed YOUR New Year's parties where ever they were...

well it's 2003 try to remember to write that on your check to pay bills with.....hahahahahahaha

OK will there be a Jan Effect Rally? yeah i think so...certainly not a big one though...does not matter, if it happens we'll all be long and trading it. The markets are short term oversold here...we did hold the absolute bottom at 868,,unreal..as they came in at the brink of the abyss once more to save the day...impressive for sure...

but..and here's a BIG BUTT...P&F indicators are getting worse and worse as the BP OPTI did reverse into O's and this usually means it's a precursor to reversals down in the OTC and NYSE BP's both would be a serious blow to the whole market going forward...however they have NOT reversed yet, the OTC is the weakest, that figures, and it's less than 1% away from that reversal...so be alert here...focus..think...

we do normally get a nice run up here into earnings on some miss guided feelings that things are getting better...are they? you tell me!...it's really a very mechanical thing this eps run...we get it almost every single new quarter...hope springs eternal...well if thats the case let's trade it...

I SEE HEAVY OVERHEAD R AT 900/901 SPOOOS...WATCH FOR SELLERS THERE TODAY IF WE GET THERE...

HERE'S SOME STOCKS FOR DAYTRADING....

AMZN---I LIKE THIS STOCK HEADING INTO EPS...AND THEY BEAT IT UP RECENTLY...IT HELD 18.50 A BIG SUPPORT AREA...19.40 THE BTL...18.40 THE SST...

GNSS---WAS TRYING TO BOUNCE FROM DEEPLY O/S LEVELS...THIS STOCK IS A SHORT THO...BUT LET IT POP UP FIRST LOOK FOR A 3 BOX RV UP TO 14/15 AREA...13.60 THE BTL...12.70 THE SST...

NVLS---WEAK LOOKING SEMI...THE BP SEMI IS AT 47.54% I SAID IT WOULD HIT 45%..CLOSE HERE...28.60 THE BTL...27.65 THE SST...

QCOM---AT THE BRINK HERE FOLKS...36 THE DOUBLE BOTTOM...37 THE BTL...35.75 THE SST...ANY BREAK OF 35 STAY SHORT...

NVDA---GEEZ THEY KILLED THIS ONE?....11.90 THE BTL---11.10 THE SST...

CYMI---32.80 THE BTL...31.75 THE SST...

IDPH---BIOS ARE WEAK...WATCH THE BBH..IT HELD THE 85 AREA..84 IS DEATH...33.65 THE BTL---32.50 THE SST...

EXPE--TRADING WILD AGAIN...67.70 THE BTL---66.20 THE SST...64 IS A BAD BREAK.,.WITH 71 THE DOUBLE TOP BUY SIGNAL...

MSFT---VERY WEAK HERE...52.30 THE BTL---51.10 THE SST...

IBM--HAD AN UP GRADE ON TUES...STILL A SHORT ALL RALLY FOR NOW...78.20 THE BTL...76.50 THE SST...

OK THATS IT FOR THIS AM..FUTURES ARE UP NICELY..LET'S WATCH 1ST THE VOLUME TODAY AND IF THIS GAP UP CAN HOLD..

BEST REGARDS

JER..














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