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

To: Jerry Olson who wrote (5059)	12/11/2000 4:52:05 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 8925

Here's todays Traders List and e-mail...sold TLAB, and traded it twice for 3 points.. Good Morning.. well "tryingharder" in the room meeting last nite was correct...i must have been too euphoric<G>... while we collapsed at the end of the day on Fri, as the futures keep trading after the markets close, we only have just rebounded back to those numbers.. when he mentioned it last nite..i wasn't thinking...so hats off to him.. of course it does nothing to damper my bullish bent right now...albeit with one eye always open to take profits when we can, as we daytrade our way up from here... a lot of charts, are begining to wake up here...for me the key will be volume in our selections...keep a lookout for that type of indicator.... both the bio techs and semis are rounding up here..take some positions this week for a buy and hold trade... please consider both the BBH & SMH these are the holders for these sectors...and they do trade options...use either Jan, but mostly Feb/Mar calls...give your self some time...so you can relax in the trade, and give the stock or index time to develope thru the volitility over the next 2-4 weeks... we have a slew of eco reports this week, including the PPI and CPI...Retail Sales etc..this should set the tone for trading the volitility to capture each day our "days pay"... anyway...hope everyone is rested up this weekend.. i have a Doc's appt from the last visit..it's followup at 11.30 this morning.. the Firetalk room, is named.. stocks options markets with oj and t-lo..all lower case..and the password is on the site..please go there and get it..lower case too.. if you have problems..e-mail me, or post it on SI on our thread...thanks... TRADERS STOCKS LIST FOR TODAY 1...CRA----JUST BROKE A TRIPLE TOP AT 46, HAS SOME R AT 54, IT'S DOWN FROM 106!!!!! A PULLBACK OF 3 POINTS TO 47 AND A QUICK REVERSAL UP WILL BE TRADABLE... 2...EFNT---BROKE A TRIPLE AT 22, THE CHARTS DEVELOPING, COULD RUN TO 30/31...GOOD CHEAP STOCK PLAY.. 3...SYMC---THIS STOCK BROKE THRU HARD R AT 39, WAIT FOR 40 TO BUY IT, AND HOLD THIS FOR 5/6 POINTS TO R AT 47/48...GOOD BIG SIDEWAYS BASE...SLOW MOVER BUT LOOKING BETTER HERE.. 4...ARBA--BEAUTIFUL CHART PATTERN, BROKE A TRIPLE AT 82, BUY ANY DIP AND REVERSAL STICK HERE...SOLID DEVELOPING CHART...TARGET AFTER SOME R AT 86/87 TO 104... 5...TXN---SOLID SEMI STOCK...HAS SOME R AT 51 AND AGAIN AT 57 THE BRL LINE...BUT COULD MOVE NICELY AS A MAJOR PLAYER IN THE SEMI SECTOR...NICE POSITION TRADE... 6...KLAC---HEAVY R AT 34/35 AREA, HIT THE BRL LINE THERE TOO, BIG SIDEWAYS BASE, NEEDS TO BREAK THRU 38, 1ST TARGET 46... 7...OPWV---TRIPLE TOP BREAKOUT AT 68, R AT 74/75, WAIT FOR THE REVERSAL DOWN AND THEN UP AGAIN EXCELLENT CHART... 8...PWER---ALSO POWERED THRU 64/65, HAS SOME R AT THE DOWNTREND LINE THE BRL...BUT ONCE THRU THERE THE TARGET IS 78....TRADEABLE... 9...ABGX---BULL TRIANGLE, AT 61, SOME MINOR R AT 67, BUY ANY REVERSAL DOWN HERE AND THEN WHEN IT MOVES BACK UP TAKE A POSITION..65 IS A NEW BUY SIGNAL 1ST TARGET 76... 10..CORR--IS A POSITION TYPE TRADE..CHARTS LOOKING MUCH BETTER...CAN TAKE A POSITION HERE AND ADD ON ALL DIPS...BROKE THRU THE BRL LINE AT 47..1ST TARGET IS 56...THEN 61...CHEAP SOLID BIO TECH... BOTH THE BIO TECHS AND SEMIS P&F BULLISH PERCENTS HAVE REVERSED UP INTO "BULL ALERT"..VERY NICE FOR A POSITION TYPE TRADE..THEY HAVE A LOT OF ROOM TO RUN HERE...HOWEVER THE CAVEAT IS HOW FAR????...CONSIDER 50% MOVE BACK UP FROM THE TOP TO THE BOTTOM...WE ARE NOT OUT OF THE WOODS BY ANY MEANS... EARNINGS AND REVENUES ARE DECELERATING...AND SO IS THE ECONOMY....SO BE COOL, USE 4-5 POINT TRAILING STOPS..IN CASE OF WARNINGS OUT OF THE BLUE HIT YOUR STOCK...IF YOU TRADING OPTIONS, AND YO GET A DOUBLE TAKE IT...NO IF'S AND'S OR BUTTS...OR AT THE VERY LEAST SELL HALF TO RE COUP YOUR ENTIRE INVESTMENT..PROTECT CAPITAL AT ALL COSTS... BTW I AM CURRENTLY IN -----TLAB--MEDX--JDSU--RBAK--AND A DOUBLE LOT OF THE QQQ'S...LOOKING FOR 2 BIO TECHS AND 2-3 SEMIS TOO..PLUS I WILL ADD 2 LOTS MORE OF THE QQQ'S FOR A POSITION TRADE, AND 2 MORE FOR DAY TRADING... SEE YOU AT THE MARKETS.. BEST TO ALL JERRY