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 (1235)	10/3/2003 10:14:35 AM
From: Jerry Olson	Read Replies (1) of 1617

my update this am to my subscribers =========================================================== Good Morning all Another nice day in the markets yesterday, even tho it was kind of slow. We "are" in earnings season, I will "have" 1/2 the total stocks on my Sunday Newsletter using those type of stocks. I am going to add some shorts here as potential position shorts using options(PUTS) for Dec Jan time frame. We will not hold till then only use the "safety" of time to protect the trading capital. This market is so strong right now it will take an act of Congress to roll it over and down. I do not want us to jump the gun here yet! However having said that, there are selected sectors and stocks within the confines of those sectors that are weak, that have been weak all the way thru this fabulous rally. If we short stocks those would be our plays. The weaker the better, because when we do fall those stocks will not fair very well... We have the empl# this am at 8.30, it's always volatile. We'll trade it either way as per usual. I like the semis here for a run up into earnings. I am long the SMH right now and may try to swing it. However I do have us at a 61.8% retrace back up off the recent lows. Here's the question, can we continue UP to test the top again? It is possible. I am currently looking at the futures. we did hold the 200 ema on the daily candle chart(dcc). That was around 993ish..I did see 1 excursion to 987.50 too. But let's watch this whole set up right thru options expiration week ending on the 17th, and I want to see where sellers show up on this index. That may be the real time to short this market. =============================================================================================== INTC---29.00 THE BTL---28.10 THE SST---LEARN TO TRADE STOCKS LIKE THIS ONE..THEY ARE SAFE AND SOLID. QCOM---43.50 THE BTL---42.45 THE SST---REVERSED BACK UP OFF A VERY NICE PULLBACK---SOLID STOCK SINA---38.10 THE BTL---36.85 THE SST---THIS STOCK IS IN A SMALL TRIANGLE ON P&F..WATCHING... AMZN---50.60 THE BTL---49.60 THE SST---REVERSED BACK UP OFF THAT 3 BOX DOWN MOVE..COULD BREAKOUT HERE. EBAY---55.65 THE BTL---54.50 THE SST---BROKE A DB AT 53 THIS WEEK BUT RALLIED UP HERE...56 THE 3BXRVUP KLAC---53.05 THE BTL---52.15 THE SST---KLAC CHART ON DCC IS UNDER ALL MVA'S...DOJI YESTERDAY QLGC---48.45 THE BTL---47.35 THE SST---DCC CHART HAS THE LOOK OF A LARGE HEAD AND SHOULDERS...NEGATIVE... SLAB---47.40 THE BTL---46.30 THE SST---BROKE A DB AT 46, JUST DID A 2 STICK BEAR FLAG BOUNCE HERE DCC. OVTI---44.10 THE BTL---43.15 THE SST---IT HAS R AT 44.00ISH BUT DID REVERSE BACK UP HERE. VOLATILE STOCK JCOM---40.35 THE BTL---39.25 THE SST--THIS STOCK HAS JUST MADE ANOTHER HIGHER LOW. THE STREET LOVES IT.. MAYBE BUY THE DEC CALLS HERE AHEAD OF THIS MONTHS EARNINGS. THE DEC 35 CALLS, I THINK IT'S GOING HIGHER---"MARKET WILLING" =============================================================================================== OK THATS IT FOR THIS WEEK...TGIF..REST AND REFRESH OVER THE WEEKEND. I'LL SEE YOU ALL IN THE ROOM... BEST REGARDS JERRY jerry olson www.buyitbuyitsellitsellit.com jerry.olson@verizon.net

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