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Strategies & Market Trends : Trade/Invest with Options Jerry a Point & Figure Chartist -- Ignore unavailable to you. Want to Upgrade?

To: SusieQ1065 who wrote (605)	2/2/2001 12:44:20 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 5893

Hi everyone... well we shorted the heck out of a bunch of solid triggers today...PMCS---VRSN---CMVT---and sundry others too... it was an obvious "Trend Day Down"..selling all back side bounce to the 20 ema on the 5 minute chart... here's the morning e-mail i sent out today... $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ Good Morning everyone well i got a lot of nice e-mails yesterday after the "Open House Day"..want to thank all the members for hanging in there...it was like pulling teeth trading, so slow...but it did manage to chop me up a bit<VBG>... quick reminder..all those folks that are going to the EXPO, we are doing Din Din Sunday nite together...i need a head count...e-mail me please...it would be the 18th...Little Italy area..anyone that knows a good resturant let me know... It looks like the bios and the semis are pulling back here...that means so will the NAZ....i really do not see any major selling right now...the carrot, and warning to the short sellers is a surprise rate cut bewtween now and March's FOMC...so we have to think a solid floor is in place right now...i'll check it over the weekend for where this pullback should take us... want to talk about earnings plays...we should trade them, but only selected stocks...when you look at Breifings daily list it's mindboggling at how many companies report...too many stocks to watch and try to trade is not good...forget it...just bring me 1-2 stocks you like and i'll check them before their report date... let's try to keep our focus lists down to a managable 10-20 stocks..my 10, and ten others...more than enough to gawk at each day huh???..less is better..i've always said that...so each day thru eps, i'll add 2-3 earnings plays for an expected run up ...but only 2-3 days before the actual date...we are looking for a quick hit and run play period... also try to focus on 1-2 stocks each day and keep trading them once you get a feel for the supports and resistance ares..check the 15 chart for those S & R's....please draw lines in the first 30 minutes..the top and bottom prices..and watch to see if they break up or down..excellent trigger points each day...then we'll re draw during lunch..let's get together on this... HERE'S THE WATCH LIST FOR TODAY.... 1...FLEX---GOOD LOOKING CHART----SEMIS ARE PULLING BACK RIGHT NOW...41 THE DT BUY SIGNAL...37 1/4 THE SS...IT MAY PULLBACK...BUT IT GOT UPGRADED TODAY.. 2...VRSN---IT BROKE A TRIPLE BOTTOM YESTERDAY..NEGATIVE..GOT UPGRADED TODAY..SO HERE'S THE GAME PLAN...WATCH FOR A GAP AND CRAP PLAY IF WE SELLOFF SOME TODAY...76 3/4 IS THE BUY TRIGGER...HAS R AT 79ISH...72 3/4 THE SHORT SALE, BUT I'LL PROBABLY HAVE TO RESET THAT IF IT MOVES UP EARLY...COULD BE A GOOD SHORT PLAY... 3...CMVT---BASING AT THE HIGHS..IT BROKE 116 TWICE...BUT IT'S CONSOLIDATING RIGHT NOW RESTING...114 1/2 BREAKS THE 200 ON THE 15 THE BUY TRIGGER..111 3/4 THE SS... 4...AFFX---EPS MON FEB 5TH...THIS IS A NICE SET UP EITHER WAY...STOCK HAS A NORMAL PULLBACK WITH ALL THE BIOS...67 1/2 THE BUY TRIG...63 3/4 THE PERFECT SS..61 IS A NO NO... 5...TQNT---IN A VERY VERY PRECARIOUS POSITION RIGHT HERE AND NOW..DO OR DIE...EARNINGS MON AH...33 IS A QUADRUPLE BOTTOM BREAKDOWN...32 IS WORSE...MUST BREAK ABOVE THE 40 ON THE 15 AT 35 3/4 THE TRIGGER...TOUGH STOCK WITH THE SEMIS PULLING BACK... 6...MSTR---EPS TUES THE 6TH AH...SETTING UP NICELY FOR A POP???..18 1/2 THE BUY TRIGGER WOULD BE A SPREAD TRIPLE TOP BREAKOUT...15 3/4 THE SS... 7...AETH---EPS ON WED THE 7TH "BEFORE THE BELL"..SELL ON MON...HAS PULLED BACK TO A HIGHER LOW..MAY STILL MOVE A BIT LOWER HERE...53 3/4 THE BUY TRIG..49 3/4 THE SS, AND EVEN IF YOU GET 1-2 POIINTS DOWN..IT WOULD STILL NOT SIGNAL A BREAKDOWN.. 8...XOXO--IT HAS EARNINGS ON TUES BEFORE THE BELL...25 3/4 THE BUY TRIG...23 1/2 THE SS..LET'S SEE IF IT CAN BREAK ABOVE THE 40 EMA ON THE 15... 9...OXHP---EPS MON AH THE 5TH..33 3/4 THE BUY TIRGGER...30 1/2 THE SHORT SALE(SS)... 10...RSAS---BROKE OUT AT 56 AND POPPED NICELY TO 66..IT'S PULLING BACK HERE...63 1/4 THE BUY TRIG WITH 66 HARD R, BUT 67 A DT BUY...59 3/4 THE SS MIGHT GET TO 56ISH THE ORIGINAL B/O AREA... the room name is the same...try to enter using the password...whatdemons... when the phone icon opens...click on forums lower left corner..but do not enter the room there..click on the word General, then when the window opens scroll to the room, click on it, and use the password...let me know if it works..thanks later juice

To: SusieQ1065 who wrote (605)	2/2/2001 8:46:12 PM
From: SusieQ1065	Respond to of 5893

Updated: 05-Feb-01 General Commentary Buyers stepped to the sidelines on Friday creating a one-way market headed south... The tech dominated Nasdaq staged its largest one-day retreat since the Friday following the last rate cut... Hmmm.. Looking back to the January 3rd cut, the sector rallied big on the day of the surprise announcement, only to drop 13% over the next three sessions (from peak to trough)... For what it's worth, a similar move in response to last week's rate cut would bring the Nasdaq back to the 2500 area... Interestingly enough, that also happens to represent the 62% retracement of the 1/3/01 to 1/31/01 rally. Fortunately, there's at least one good support level before we get to that floor... It's at 2618... Unfortunately, based on the lousy price action exhibited by many leadership names such as Cisco (CSCO), Brocade (BRCD), PMC-Sierra (PMCS), Siebel Systems (SEBL), Corning (GLW), i2 Tech (ITWO), Sun Microsystems (SUNW) and Broadcom (BRCM), we're not holding out much hope that 2618 will act as a rallying point. With more and more traders growing nervous about the prospects of a prolonged economic/earnings slump, Briefing.com contends that the Nasdaq will probably approach the 2500 area before snapping back. Whether or not the index bounces off of 2500 could depend largely on Cisco's earnings report scheduled for release after Tuesday's close... If the company were to guide future estimates materially lower could keep buyers from wanting to return... On the other hand, with the stock having dropped 19% over the past couple of weeks it's safe to assume that the market is pricing in some bad news already. Other earnings reports of note this week include TriQuint (TQNT), XO Communications (XOXO), CNet (CNET), Microstrategy (MSTR), Electronic Data Systems (EDS), Worldcom (WCOM), Network Appliance (NTAP) and ONI Systems (ONIS)... See Briefing.com's Earnings Calendar for consensus estimates, actuals, year-ago comparisons and percent revenue change. Robert Walberg