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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: kendall harmon who wrote (93634)	4/17/2000 8:04:00 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 120523

Gemmers... as we all can plainly see there will be no LOCK LIMIT early morning melt down... Europe is bad but not that bad..Asia recovered a bit too..they ALL were FOLLOWING our Fri selloff..nothing more nothing less... now here's what i think will happen today.. Margin selling, and early Option Expirations voodoo stuff will happen...we will probably selloff to make that bottom here, on all indexs..NAZ-DOW etc... a rally should begin either later today or after we open tomr...this will be nothing more than a technical rally from very oversold positions... i'll use the QQQ for our example here...i have the QQQ rallying back up to the 100 area..before we hit resistance, and selloff again later this month or next.. we WILL come back down to test whatever lows are made this week...this selloff/crash/correction/whatever you want to call it...it's NORMAL FOLKS... nothing unusual here...we are correcting the excesses of earlier this year..happens every year..think!!! anyway..here's how we play this rally and selloff.. first, sell into this rally any dogs with fleas..dump them first..not your good stuff...second, buy this dip, only the BEST OF THE BEST..forget small and mid caps...big cap tech is what brung us to this dance...CSCO-INTC-AMAT-ORCL-IBM-MSFT-QCOM etc etc etc etc.... the fund managers will dive into the big cap techs with both hands..because almost all of them never got their chance earlier... prices look cheap to me...so join in on the long side for the expected rally, and then sell everything and go short some stuff when we hit resistance... amazing..all the doom and gloomers out there..they come out of the woodwork, or their holes each and every time this happens... every magazine world wide will exclaim the end is here, the bulls are dead...yeah right!!!!! the real money is always made on the long side for people like us...i can visulize one of the biggest short covering rally's in history today or tomr... hang tough everyone, and trade smart... best of luck..OJ i'll be here all day..wouldn't miss it for anything...let's get ready to rumble... gotta go get some coffee first<VBG>...