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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: Jerry Olson who wrote (111390)	8/8/2000 7:54:34 AM
From: Jerry Olson	Read Replies (2) \| Respond to of 120523

GEMMERS.. we have a small cycle low coming in here by the 10th ala Carpino..it should be a higher low on all indexs.. i have looked at all the index on both candle daily charts and P&F too... things are really starting to shape up here... almost every index we watch is at some R=resistance areas.. any pullback into cycle low dates should be bought...as in buy the dip<G>...so late Thurs/Fri would be good time to enter some long positions...the next cycle move is UP! the DOW chart is the best of all...beautiful higher lows pattern, with explosive potential...any pullback to 10.600-700 should be bought.. the NAZ is getting healthier by the minute...we have serious R at the 20-40 & 200 overhead on the daily candle chart, but if this gets broken..i i think it will, we could move quickly to 4300-4500 by Sept...pullbacks to around 3700 can and should be bought...semis are trying to consolidate..nets are coming back to life..they were all downgraded yesterday..and still went up??? whats that saying??? SPX at short term R at 1480-90 normal pullback to 1465ish would be good..setting up an explosive move to my P&F ultimate target PO of 1585...we must break thru 1500 to crack the P&F BRL line..we will do that quickly.. OEX has the same looking chart..gave a DT buy signal yesterday at 804..and short term pullback should be bought around 790ish...it has moved straight up from 774... all in all.. a nice potential senario for a rally right thru the FOMC on the 22nd... hope too see everyone in the trading room...it's a ton of fun, if you can get thru all the technical problems..but the group is excellent...and there are many savy traders in that room... so what the heck..it's FREE for NOW<VBG>... later...and best regards OJ...