To: Jerry Olson who wrote (5082 ) 12/15/2000 4:18:40 PM From: Jerry Olson Read Replies (2) | Respond to of 8925 HI EVERYONE...WHAT A FABULOUS DAY..WE SHORTED EVERYTHING,IN THE MORNING, THEN WENT LONG EVERYTHING LATER.....YES YES YES... CALLED SHORT TRIGGERS ON MANY STOCKS TODAY, AND THEN CALLED BUY TRIGGERS ON PALM AT 44 1/2....RBAK AT 78...AND A TON OF OTHERS..THIS ROOM IS AWESOME..IT ROCKS WITH THE BEST OF THE NET..THE TRADERS ARE TREMENDOUS...WE LOVE "DA ROOM"<vbg> HERE'S MY MORNING E-MAIL FOR THE GROUP.. HAVE A GREAT RESTFULL WEEKEND, WE ARE LONG AND HOLDING... ------------------------------------------------------------ Good Morning...or is it???? today is do or die for the indexs..and it looks more like die than do...we are in tank mode here and i suspect they will take it right thru all support early...do not trade this long if/untill we show a V bottom reversal, with heavy buying volume... every index i looked at last nite, was going to give sell signal's today at the open, and probably test the recent lows...i repeat..wait to see if this bottom can hold... watch SPX 1325...for support at the BSL area... anyway...i am going to see if i can take some long positions today later in the afternoon...i can always exit next week if i am wrong about what i think is going to happen here...i'll double up on JDSU-PALM-maybe even HGSI since i have a small position there and the chart looks fine... the QQQ's i have 2 lot's and may get a third here...since any bounce of 3-4 points would break me even anyway...but since they're going to be on sale early, i'll probably dive in there..and hold for a week or so past the FOMC... we will continue to day trade and scalp...look it might be we have an anemic rally thru the FED and then more selling??? don't know...but let's play it neutral each day we approach this market... ok here's some TRADERS FOR TODAY.... 1..PAYX--IF IT BREAKS 41 IT'S GOING TO 36/37 A SHORT PLAY HERE...CHART LOOKS A LOT WEAKER TODAY.. 2...TMPW--BUCKED THE SELLING YESTERDAY, IN A BULL TRI, WAIT FOR A 71 PRINT TO GO LONG..67 WOULD BE A 3 BOX REVERSAL DOWN 3...ABGX---CHART IS STILL IN TACT, PULLING BACK TOWARD 55 THE DOUBLE BOTTOM...WAIT FOR A SOLID REVERSAL UP, IF THE MARKET TURNS LATER.. 4...WEBM--IT'S FALLING RIGHT NOW AFTER A BIG RUN UP, SHOULD PULL BACK A LOT MORE HERE, SOLID SHORT.. 5...SNDK--VOLITILE STOCK, AND TRADEABLE...WATCH FOR THE CONTINUED PULLBACK, AND A REVERSAL STICK LATER..STILL HAS ROOM FOR MORE DOWNSIDE... 6...PDLI---84 WOULD BE A DOUBLE BOTTOM BREAK HERE TARGET HIGH 70'S...IF IT HOLDS AND REVERSE'S UP?? TAKE IT LONG.. 7...EXDS---26 IS A SELL SIGNAL, BUT THE CHARTS NOT BAD HERE, SEE IF IT HOLDS, IF NOT SHORT IT AND LOOK FOR 2-3 QUICK POINTS.. 8...CIEN---STILL MOVING LOWER BUT THE CHARTS IN TACT..COULD HIT 90/91 AREA...89 IS THE BREAK...BUT THE CHART IS OK STILL. 9...VTSS---SELL SIGNAL AT 54 IF IT BREAKS THERE TAKE IT SHORT..WAIT FOR ANY REVERSAL UP BEFORE TAKING A LONG... 10..AVNX--MOVING LOWER HERE BUT THIS CHART IS OK TOO..WE'LL WATCH TO SEE A SOLID REVERSAL TO TAKE IT LONG.. IT ALWAYS LOOKS THE BLEAKEST AT THE BOTTOM..IF WE HOLD THE LOWS AND REVERSE FINE..IF NOT...NOT... HANG TOUGH..MAKE YOUR DAYS PAY FIRST AND FOREMOST, SCALP SHORT EARLY AND TAKE PROFITS QUICKLY... BEST TO YOU JER