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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (38365)	4/9/2001 11:29:00 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 50167

Yes Jim 1080...here's the latest e-mail i sent out last night before the Sopranos<g> selling in the futures right here..no longs... Good Evening Everyone... Wishing all my Jewish & Christian Friends, a Happy Passover and Happy Easter Holiday...Best wishes to you and yours from me and mine... Well it looks like Bruce Cady aka Marketeye has opened and paid for new room for all of us...What a nice gesture..So tomarrow, just open Paltalk, click on Business and Finance and then click on Daytrading "Starring OJ"... Thank you Bruce..What a pleasent surprise...See you all there in the am... Let's go over some serious analysis.... The DOW runs into heavy selling at 9900/10,000 again...Reverses back down here after a one day balistic rally...Looks like we'll at least test 9400 1st by weeks end...Carpino has cycle lows Thurs or Monday, Friday there is no trading this week...If we break 9350 we immediately test 9100..any break of that will takes us down to 8000 very fast..let's hope we hold 9400 and then 9100... The NAZ/COMPX---this index couldn't even make it to 1800 to try and reverse the trend up??? Any violation of 1600 and we see 1450 quickly... The SOX looks very unstable to me, and without the semis rallying up here, there is little or no chance of any sustanable rally...It just managed a DCB(dead cat bounce) back up to the triple bottom break area of 520...My downside target is 400, a break of 440 takes it there and then some...We must break up thru 540/550... The SPX is now at do or die status...it's in a major Triangle on P&F...Will it be bullish or bearish...the very next move will tell us a lot...1160 is the bullish breakout with 1180 very tough overhead resistance there...On the darkside, if this number cracks all hell breaks losse..that number is 1180..It must hold..or we are going to hit 1040/50...To me this index looks like a major league SHORT... All in all a pretty bleak picture thru the end of April...One thing is really starting to stand out here..The Point and Figure(P&F), for all sectors is becoming very oversold, this is a good sign of a pending bottom...Since my brithdy is the 23rd..i am definately going to GUESS thats the bottom<GGGGGGGGGG>....well, maybe... Just looking at some patterns for us all....Triple bottom breakdowns had these indexs and stocks...ADBE--CMVT--BMX(BOXMAKER INDEX)..DOT INDEX...DWASEMI(the DorseyWright Semiconductor Index)...EBAY--GS---HWP--LEH--LLTC--MERQ...SMH(Semiconductor HOLDERS)--Q--VECO--YHOO...just to name a few weaker looking charts... On the flip side..Triple top breakouts..AHC--ALL--BAC--COF---EXC---HOTT--XON--AND THE XOI(THE OIL INDEX).. Then on the bearish triangle side...IJH(Ishares Mid Caps)...KVY(Value LIne Index)---MDMI (S&P 400 Mid Cap june index)...SML (S&P 600 Small Cap index)...Nothing on the bullish triangle side of any consequenses... Now as of last week, we traded 10 stocks almost daily up and down for wonderful profits...I looked at them again over the weekend..and as long as you agree, i'd like to continue to use these 10 again, as i feel we are seeing them better and better..Excellent trading vehicles... 1...IBM---RALLIED UP TO HEAVY R(RESISTANCE) AT 100 MY UPSDIE TARGET...IT HAS REVERSED BACK DOWN NOW..THIS IS AN EXCELLENT BELLWEATHER FOR THE DOW...98 3/4 IS THE BUY TRIGGER WITH ANY BREAK OVER 102 VERY POSITIVE...96 1/2 THE SHORT SALE(SS), WITH A POTENTIAL TEST OF 91/92..IT DOES HAVE GAP SUPPORT AT THE 200EMA15 AT 95... 2...CHKP---MADE A LOWER TOP ON THAT RALLY LAST WEEK AT 49...HAS REVERSED DOWN NOW 4 BOXES TO 45...THE STOCKS CHART HAS GIVEN 4 CONSECUTIVE MAJOR TRIPLE BOTTOM SELL SIGNALS ALL THE WAY FROM 114...48 3/4 THE BUY TRIGGER WITH 51 BETTER...45 3/4 THE SHORT SALE(SS) TRIGGER. 3...CIEN---CONTINUES TO BREAK DOWN OVER AND OVER AGAIN...IT'S NEAR THE BOTTOM OF THE P&F TRADING BAND...BUT VERY WEAK...35 1/2 THE BUY TRIG...33 1/4 THE SS.. 4...QCOM---CHARTS STILL LOOKS WEAK TO ME...BUT...IF THE CHINA DEBACLE GETS CLEARED UP IT WILL RALLY..WATCH FOR IT AND BE ALERT TO ANY NEWS...46 THE BUY TRIGGER WITH A BREAK OF 49 BIG...43 1/2 THE SS..42 IS D&D(DEATH AND DESTRUCTION).. 5...CMVT---DCB(DEAD CAT BOUNCE ) LAST WEEK..WAS A TERRIFIC SHORT ON THIS BOUNCE AND OF COURSE WE CALLED IT TIMELY...50 1/4 THE BUY TRIGGER..51 1/2 THE GAP R AT THE 200 OVERHEAD..47 3/4 THE SS...A BREAK OF 44..D&D.. 6...NVDA---AGAIN IT BOUNCED OFF THE BSL(BULLISH SUPPORT LINE) AT 54..BIG RALLY RIGHT UP TO HEAVY R AT 65..ROLLED OVER AND DOWN ON FRIDAY WE SHORTED IT AT 64 AND 9/16THS...IT WAS SWEET...63 3/4 THE BUY TRIGGER..67 IS A MUST BREAKOUT NUMBER...61 IS THE SS WITH 56 THE NEW DOWNSIDE TARGET... 7...VRSN---BROKE DOWN AT 30 TO 26 RALLIED UP ON A DCB ON IRRATIONAL EXUBERANCE DAY...34 1/4 LOOKS PERFECT FOR THE LONG TRIGGER....31 3/.4 THE SS.. 8...BEAS---HIT HEAVY R AT 29 NOW WHAT???...29 1/2 THE BUY TRIGGER MINOR R AT 32...36 WOULD BE THE NEXT STOP UP, MARKET WILLING..HAHAHAHAHAHA...27 IS THE SS TRIGGER.. 9...MERQ---DCB TO R AT 38...39 1/2 THE BUY TRIGGER, AND 36 3/4 THE SS WITH 35 MORE DOWN, AND 31 THE TARGET... 10...HGSI--HAS NOW MADE 4 CONSECUTIVE LOWER TOPS..51--50--49--46...LOOKS LIKE 36 IS INEVITABLE...43 3/4 THE BUY TRIG...41 1/4 THE SS... OK GOT RUN NOW..THE "SOPRANOS" ARE UP NEXT... SEE YOU ALL IN THE ROOM MANYANA.. BEST TO YOU AND YOURS JERRY Jerry Olson Master Class Trader... buyitbuyitsellitsellit.com