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

To: Bob Biersack who wrote (5279)	1/8/2001 1:36:56 PM
From: Jerry Olson	Respond to of 8925

Hey Bob having fun??? what a wild morning... here's the morning mail for today.. $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ Good Morning everyone well the Eagles were outclassed yesterday by the Giants...great season tho..i had fun watching them all year... We have cycle lows coming at the end of this week..i am planning to short any rally early in the week...i have this feeling that we'll test recent lows and HOLD....remember earnings warnings are still out there, and companies will begin in earnest to report this week and right thru Feb... i think any surprises will be to the UPSIDE....the street has severly discounted these stocks...what worries me is the warnings about NEXT Q...we need to evaluate those stocks and sectors that will benifit from another rate cut of .50 basis points... everyone should be in cash this week at the end of each day..and always use stops...do NOT hold for earnings..NO WAY JOSE'!!!!!! and while i am underwater in AMAT & TQNT, i can name you 10-15 semi charts that look really good here, despite all the carnage we are witnessing...i'll give you just a few right now..please take a hard look.. VECO--LSCC--MU---RMBS---SANM--KLAC---TXN.... just to name a few...i will be buying additional shares of the SMH late Fri early Mon...a buy and hold position for 1 year...everything you invest in must have a 1 year time horizon..no less...it will take 3-6 months for the market to turn around..but we MUST BE "IN THE MARKETS" NO LATER THAN THE END OF JAN EARLY FEB... think short this week..there is rampant fear out there, everywhere..a good contrarian sign for a surprise rally into the FED late Jan... Teresa did a beautiful piece on the markets over the weekend...hope you had a chance to read it via e-mail...using E-groups... OK HERE'S TODAYS WATCH LIST TOP TRADERS PICKS... 1...QCOM---THERE'S NEWS TODAY..I AM GOING TO SHORT ANY RALLY IN THIS STOCK FOR A 1-2 DAY POSITION PUT...THE CHART IS EVOLVING AS EXPECTED...IF YOU SAVED ANY OF MY RECENT COMMENTS ON QCOM..YOU'LL SEE WHAT I WAS TALKING ABOUT...76 BUY TRIGGER..69 3/4 SHORT SALE(SS)...JAN 80 OR 85 PUT WOULD BE PRUDENT ON THE RALLY.. 2..CHKP--THIS STOCK HAD A TRIPLE TOP FAILURE PATTERN ON P&F...IT'S WILD AND TRADABLE...IT RIGHT AT SUPPORT AT 116...122 BUY TRIGGER..112 3/4 SS...SHOULD TEST THE RECENT LOWS LATER THIS WEEK..MAYBE BREAK THOSE TOO??? 3...XOXO---BROKE A TRIPLE TOP AT 19..AND BROKE THE BRL LINE TOO NICELY..HIT R(RESISTANCE) AT 25 AND ROLLED OVER..24 IS THE BUY TRIGGER, 19 1/2 SS.. 4..MER---BROKE A TRIPLE TOP AT 69..RAN RIGHT UP TO 75 IN THIS MARKET???...COMING DOWN HERE, WATCH FOR THE 3 BOX BACK UP AT 74..69 3/4 IS THE SS...SOLID STOCK AND CHART.. 5...ADBE---BROKE A TRIPLE BOTTOM AT 56 SOLD OFF DOWN TO 45..IT RALLIED BACK UP ALA AG'S DAY<G>..RIGHT TO R AT 60..IT'S REVERSED BACK DOWN NOW TO 50..53 A BUY TRIGGER..48 3/4 SS..I WOULD SHORT THE RALLY.. 6...BEAS...SOLD OFF HARD FROM A RUN TO R AT 70...IT'S SETTING UP AS ANOTHER SHORT PLAY..3 BOX UP IS 56..ANY BREAK OF 50 IS A SHORT WITH 46 A BIGGER BREAKDOWN... 7...MERQ---BROKE THE BSL(BULLISH SUPPORT LINE) AND A DOUBLE BOTTOM IN THE BIO TECH CARNAGE LAST WEEK....68 BUY TRIGGER 63 3/4 SS..WAIT FOR A RALLY BACK UP TO R, THEN SHORT IT AGAIN... 8..EXTR----STILL A SHORT ON ANY RALLY..CHART IS AWFUL...39 BUY TRIGGER..34 3/4 SS..WAIT FOR THE RALLY, THEN SHORT IT..MIGHT HIT 27ISH.. jAN 45 PUT WOULD BE COOL.. 9...MU---THIS CHART IS EVOLVING NICELY..BROKE A TRIPLE TOP AT 38...HIT TOUGH R AT 42..ROLLED OVER AND DOWN TO 37...40 IS THE BUY TRIGGER..35 3/4 IS THE SS..IT HAS A 3 MONTH SIDEWAY BASE HERE.. 10...RMBS--ANOTHER TRIPLE TOP BREAKOUT ON THE P&F CHART...AT 42..HIT 45..AND SOLD OFF TO 39..TIGHT RANGE HERE...EXPLOSION SOON???..42 3 BOX UP BUY TRIGGER, 37 34/ SS... I wanted to tell everyone..that by Fri or Mon of this week..i am doubling my position in PALM...maybe sooner???....this stock is a winner longr term..big winner..PE and all....i'll double down on the QQQ's later this week too..and then dump the whole positon 30 days from now or so...i don;t want to tie up that much capital in the index... ok see you in the room this weeks room name will stay as..stocks options futures live with oj and teresa... the password is in the Ispec room.. later jer we also called..OPWV as a short too..and a host of others as continuation shorts like CHKP at 104...nice... and sundry others too<G> Bob fix that firewall..hurry<GGGGGGGGGGGG>