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Strategies & Market Trends : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?

To: jchaulk who wrote (2474)	10/30/2000 10:41:09 AM
From: 2MAR$	Read Replies (2) \| Respond to of 8925

NTAP giving up more here ...."Jerry's GOLD" grinding down $113

To: jchaulk who wrote (2474)	10/30/2000 10:49:12 AM
From: Jerry Olson	Read Replies (3) \| Respond to of 8925

Here's my morning e-mail from today...adn what i called as sell signals this am..... Hi Everyone... well i had a nice relaxsing weekend here in the East..Fall is in the air, it's crisp, refreshing, and invigorating...it's nice to be alive<G>...hope you and the family are well... The markets will now begin to base build here during the month of Nov...the DOW rallied very nicely and hit an upper target i doubted it would make so fast..around 10,600...10,700 should stop this rally, or it might just reverse down from here and make a higher low.. the NAZ hit a triple bottom at 3000, and is trying to move up here albeit it's having a lot of trouble, so the 2 indexs are diverging right now...we do not want the NAZ to break this bottom..a no no for sure...we might have one more test...but i think it may be time to begin to accumulate some longer term stocks after the election.. The seasonality of this time frame is uaually very bullish right thru Feb/Mar...position type trades could work..while we daytrade or swing trade the same type stocks...options will come into play for me now as well..we will discuss these type trades in the room when we open on or about the 13th... we are currently waiting for the servers to arrive this week so they can be tested... ok so for now let's think short term...till after the election...maybe we get one more slam just to scare the hell out of us<g>., and then we can try to make some serious money back by position trading some solid plays going forward... LONGS FOR TODAY..THE FUTURES ARE NEGATIVE RIGHT HERE SO WAIT FOR ANY REVERSAL FIRST.. DISH--- BROKE A TRIPLE TOP, 48 WOULD BE A CONTINUATION HERE... MANH---BROKE A TRIPLE TOP AT 65 EXPLODED TO 75, IT';S ON A PULLBACK HERE BACK TO THE BREAK OUT NUMBER...IF IT MOVES A BIT LOWER 59 IS THE 20 ON THE DAILY..BUT IT'S A RISING 20 & 40..NOT MANY GOOD CHARTS OUT THERE FOLKS...SO WATCH THIS FOR ANY REVERSAL UP I'LL REPORT ON IT.. PALM---50 WAS GOOD SUPPORT SO FAR,THIS STOCK WILL BACK AND FILL NOW..IT HAS EXCELLENT SUPPORT ON THE DAILY CANDLE CHART TO AT THE 20 & 40 SMA'S...WE COULD POSITION TRADE THIS TYPE STOCK AFTER THE ELECTION, BUT IT'S TRADABLE LONG HERE IF IT HOLDS 50... CMVT---EXCELLENT CHART THRU THICK AND THIN..R AT 114 BUT 116 IS A TRIPLE TOP BREAKOUT AND BSB..SUPPORT BETWEEN 95-100..BUY ANY REVERSAL UP IF IT GETS THERE...LOOKS LIKE 112 INTRADAY WOULD BE A GOOD BUY STOP ...AND OF COURSE LOWER ENTRY IF IT GETS KNOCKED DOWN THIS AM.. 3 BIO TECHS ARE HOLDING UP WELL HERE DESPITE THE BTK INDEX LOOKING WEAK..THESE ARE TRADABLE BUT COULD BE SWING OR POSITON TYPE TRADES TOO IMNX-CRGN-ARQL..CHARTS ARE DEVELOPING, AND IF THE INDEX WERE TO STABALIZE THEY WOULD LEAD THE OTHERS UP... SHORTS??? WOW THERE ARE SO MANY..A LOT OF STOCKS TANKED HARD HAVE RALLIED BACK UP TO R, AND SHOULD REVERSE DOWN TO EITHER TEST THEIR RESPECTIVE BOTTOMS OR MAKE HIGHER LOWS HERE JDSU HAS THAT EXACT CHART, SHOULD REVERSE DOWN FROM RIGHT HERE.. MRVC R AT 42/43 SHORT IT IF IT BREAKS 37/38 2 OILS PTEN-RIG LOOK LIKE POSTION TYPE SHORTS.. MXIM..R AT 65/66 LOOK FOR A REVERSAL DOWN TO SHORT TARGET 54... ERTS..R AT 51/52 ..SHORT IT AT 47ISH... TIBX..RUNNING BACK UP HERE 69/70 R, ANY REVERSAL DOWN AT 64/63 IT'S A SHORT EXDS R AT 36/37 NO BREAK OUT THERE SHORT IT WATCH FOR THE REVERSAL BLUE R AT 35, WATCH 32 FOR THE BREAKDOWN.. HGSI..WATCH THIS IF IT CANNOT BREAK 89/90.. SAWS..ADX AT 70 ON THE 15 MINUTE CHART LOOKS NICE FOR A SHORT PLAY.. GOOD LUCK TODAY JERRY