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

To: bobkansas who wrote (4986)	12/5/2000 11:56:36 AM
From: Jerry Olson	Respond to of 8925

bOB IT'S BASED ON TA ONLY...AND MY READS OF THAT TA..USING CANDLE AND P&F.. HERE'S TODAYS STOCK WATCH LIST... everyone... we had one spectacular day yesterday playing the volitility of the elections outcome...it is my opinion we have probably put in a bottom last WED/ Thurs or so...at 2435 NQ futures...SPX at 1295ish..etc.. yesterday the DOW bounced off the bullish support line reversed up and today should give a buy signal at 10,650..target 11,000.. SPX 1335 a double top buy signal 1st target 1360... NAZ needs 2750 for a continuation of the reversal on P&F can run to 2950 1st target, at 3000 that would be another buy signal...heading to 2nd target 3200/3300 the bearish resistance line... I am not looking for an all out non stop rally here...but it's at the begining of a potential run up to the FOMC meeting on the 19th of DEC.... it's not the warnings anymore..they will get hit, but i think we are pretty much discounted in price right here...a ton of charts i looked at are setting up for big runs now..they have been basing, backing and filling, and forming these Bullish Triangles on P&F... you can see the sideways up and down motion clearly in the charts..i've seen this before..it's a good sign... so maybe we take some long positions if you wish..Feb/Mar calls...or hold some stocks into and up to earnings..you will take risk here of any company's warning, or another company in the same sector, warning and taking your stock down with it..but it's up to you... very important we see follow thru on any rally today...THIS IS A MUST..GOOD VOLUME WITH INSTITUTIONAL BUYING.. OK HERE'S THIS MORNINGS LIST... FIRST OF ALL I WENT LONG THE QQQ'S AT 65 1/4 LAST EVENING, AS WELL AS JDSU AT 60 3/4, FIGURING THERE WOULD BE A SOLID GAP UP OPEN HERE TODAY...WELL THE FUTURES ARE UP NICELY..I'LL GET THAT GAP...AND PROBABLY SELL IT... 1....MSFT...THE STOCK SHOULD PRINT 61, THEN RUN TO 1ST TARGET 65/66 THEN 2ND TARGET 70...A JAN 60 CALL??? OR 55 CALL?? 2...CHKP...NICE DEVELOPING CHART...114 IS THE DOUBLE TOP BUY SIGNAL, 1ST TARGET 128..SHOULD GET THERE QUICKLY.. 3...EMLX...134 A DOUBLE TOP BUY SIGNAL, 144 IS R, THEN 146, 2-1 12/18 COULD BE A NICE SWING TRADE HERE...VOLITILE... 4...MLMN---BULL TRIANGLE...49 3 BOX UP, 55 1ST TARGET, 56 ANOTHER BUY SIGNAL, 65 2ND TARGET.. 5...RBAK..81 A NEW BUY TRIGGER, 85 SOME R THERE, 86 EXPLOSION OFF A TRIPLE TOP BREAKOUT... 6...MANU--BULL TRI...HIGHER LOWS, HELD THE BSL LINE...80/81 TRIGGER TO 1ST TARGET OF 90 A DT BUY SIGNAL..2-1 COMING UP..12/8...SOLID... 7...PALM...47 IS A TRIPLE TOP BUY SIGNAL, SHOULD HAVE SOME MO-MO INTO XMAS TOO... 8...BRCD---164 CONTINUATION MOVE UP, 1ST TARGET 174, IF IT BREAKS 176 IT GOES TO 200.. 9...SCMR---BULL TRI...47 1/2 TRIGGER, 50 A DOUBLE TOP BUY SIGNAL, IST TARGET 53 THEN 2ND 62... 10...CIEN--BUY SIGNAL AT 84, CAN MOVE FAST 1ST TARGET 89 SMALL R, THEN 96...SWING TRADE??? HERE ARE A FEW MORE..BULL TRI'S.. RMBS---ELNT---AMCC--ALSO TIBX IS VERY OVERSOLD.. OK SEE YOU IN DA ROOM...SAME AS YESTERDAY... BEST REGARDS JER Call me through VoiceCONTACTtm -- right from your computer. Online Status: