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 (997)	3/27/2003 8:43:44 AM
From: Jerry Olson	Read Replies (3) of 1617

yesterdays update to the troops =========================================================== Good Morning all very nice day yesterday for the markets. A good bounce back, but on low volume...actually I wouldn't place too much on volume unless it's over 1.6-2 billion shares. In fact over the last week or 2 we've had 2 very strong up days on much much higher volume suggesting a trend change is in place here.. What with my P&F indicators reversing up here, and now a lot of sectors too, this is the right time to begin to leg into longs with 1/2 purchases, not full-blown GUNG HO MOVES... Because of the War there will be Hugh selloffs, as fear of a long war and chemical attacks could happen. we want to buy those pullbacks however, do not chase over priced stocks. I written to you about the use of ETF's...i think for this time frame it would be very prudent. if you do not know what they are go to www.ishares.com to name a few...like I've talked about over the last 2=3 weeks are..SMH---BBH---PPH---DIA--SPY---QQQ...Do not use the OEX the spreads are too wild, and you have to day trade those rather than buy and hold them... trade the plan and plan the trade...we are far from out of the woods here folks...too many unknowns. but my charts and indicators "are" improving... HERE'S THE WATCH LIST FOR TODAY.... MSFT---25.85 THE BTL---24.95 THE SST---NOT ACTING GREAT BUT HOLDING UP SO FAR... AMZN---27.30 THE BTL---26.55 THE SST---AT THE TOP OF THE 10 WEEK..BUT BOY DO THEY LOVE THE INTERNETS. EXPE---53.25 THE BTL---52.15 THE SST---51 IS THE 3 BOX REVERSAL BACK DOWN..THIS STOCK IS VERY O/B... OVTI---23.90 THE BTL---22.90 THE SST---VERY NICE STOCK CHART WAS STRONG YESTERDAY... ELX---19.55 THE BTL---18.60 THE SST---A NICE P/B HERE TO BUY IT...LEG INTO 1/2 POSITION RIGHT NOW... MRK---55.90 THE BTL---55.00 THE SST---I LIKE THE DRUG SECTOR AND I LIKE THIS STOCK...IF WE SELLOFF BUY IT... VAR---55.05 THE BTL---54 THE SST---IF WE P/B BUY THIS STOCK... POPPED ON GOOD VOLUME. GREAT CHART. QCOM---39.25 THE BTL---38.35 THE SST---REMEMBER 40 IS THE BIG B/O...BUT TOUGH R THERE AT 39...TRIPLE TOP. KLAC---38.70 THE BTL---37.70 THE BTL---AT HEAVY R HERE AND SHOULD REVERSE DOWN. 37 THE 3BXRVDN... QLGC---39.25 THE BTL---38.20 THE SST---SITTING ON GOOD S HERE AT THE 200 EMA DCC CHART...37 THE 3BXRVDN OK THATS IT FOR THIS AM...LET'S POST THE NEWS ITEMS AS QUICKLY AS WE GET THEM..VERY IMPORTANT..AND WATCH THE FUTURES ALL DAY LONG... SEE YOU IN THE ROOM JERRY jerry olson www.buyitbuyitsellitsellit.com jerry.olson@verizon.net

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