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

To: Riskmgmt who wrote (1941)	4/11/2001 12:20:56 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 5893

HERE'S THE MORNING E-MAIL...PROFITS WERE NICE... Good Morning everyone.. Well that WAS special huh???..My yeterday title was "Feeling Frisky"?, i smelled that rally...The Bio techs were the signal to me..As i looked at the charts the night before and what with all those, "very smart wall street wizards", downgrading the bunch, i said ,,, hmmmm...looks like the semis last Nov/Dec...then as expected POP goes the WEASEL...so we were off to the races...this was a solid rally... Problem is where do we go to???..Well for my money, i doubt we go too far!!!! I looked at all the indexs and we'll certainly run up to heavy R shortly...On this run up i do not think we'll break thru, not with earnings that will be less than expected even on lowered numbers...And i would suspect that each company will warn about this next quarter as being the worst of the last 2-3 years...Nothing has changed business wise to my way of thinking...we have not felt one dimes worth of rate cuts, zipski, zero, nada....That effect won;t happen till Q4 and late there too... I am starting to think that Alan will not cut this month unless something is very off from his current thinking...Another plunge in jobs, or something that will take the FED off their conservative, and predictable moves... IN fact i'm starting to think .25 will be the next cut...Not .50...but that will change as I check certain eco reports on down the road...World wide rate cuts continue to help...we need this Cut in Europe today right now!!!, Let's look at the 4-5 indexs i watch for technical direction... DJIA---Good solid rally above tough R at 10,000...we are in mid air here on the chart...New support at 9900, overhead heavy R at 10,300 the triple bottom breakdown area...I am guessing that we'll break thru 9900 on the way back down, but make another higher low at 9700..My new downside target...It's the logical next higher low...so we'll see...The Fed will make or break this for sure... NAZ/COMPX---Went absolutely nowhere...Very weak index...While the DOW rallied 1000 points, the NAZ moved up 200...with no ooomph...It has R at 1950, must break thru and print 2000, and then it has gigantic heavy R at 2250-2300..so while everyone will start to get euphoric..i'm saying we better play it very safe for the next 1-2 months Thru the FOMC...The very next rate cut, will stop the downtrend for sure...Setting us up for a summer rally...a good one... SPX---It's setting up for a very nice breakout here...I like the look of this chart pattern..Heavy R at 1180, 1190 is the breakout number with 1210/1220 tough R overhead..Then if we break that 1270 is the brick wall... SOX---right at heavy R at 520, i think we'll break that and run up into 620 the BRL line..100 points on the SOX will help the NAZ too, and of course some selected semis...I'll check them over the weekend... BTK---Beautiful breakout yesterday, broke a double top at 490 but it will hit the wall at 520, where we can short those nice bio techs once more...they rarely rally more than 2-3 days anyway... Ok let's look at our Top Traders for today... 1...IBM---RIGHT AT 100, I SAID 102 IS A MAJOR BREAKOUT..AT MAJOR R...100 1/4 THE BUY TRIGGER..97 3/4 THE SHORT SALE(SS).. 2...CHKP---EXPLODED OFF A SPREAD TRIPLE TOP AT 51...IT ALSO BROKE TOUGH R AT 59 TOO...59 1/4 THE BUY TRIGGER...56 1/2 THE SS.. 3...VRTS---POPPED A SPREAD TRIPLE TOP AT 50 AND RAN TO 58 FAST...R AT 59...58 1/2 THE BUY TRIG..55 3/4 THE SS.. 4...QCOM---POSITIVE NEWS THIS AM OUT OF CHINA I WILL BE LONG THIS STOCK EARLY PRE MARKET...THE GAP WILL TAKE OUT MY BUY TRIGGER AT 49 3/4... 5...CMVT---FABULOUS LONG SIDE TRIGGER YESTERDAY, A NICE DOUBLE TOP BUY AT 54, AND IT PROMPTLY HIT 62!!!!!..WHEW!!!..62 1/2 THE BUY TRIGGER HEAVY R AT 69...60 IS THE SS... 6..NVDA---POWERFUL REVERSAL TODAY OFF THAT 59 AREA, AND JUST OVERRAN THAT 66 TOUGH R...66 3/4 THE BUY TRIG...TRAGET 71....64 1/4 THE SS.. 7...PDLI---BIO TECHS AS CALLED POWERED UP AND LEAD THE RALLY...48 3/4 THE BUY TRIGGER...46 1/4 THE SS.. 8...BEAS---RIGHT AT HEAVY R AT 36...36 1/2 THE BUY TRIGGER..34 1/4 THE SS..WITH 39 MAJOR HEAY R OVERHEAD..WATCH IT THERE... 9...SEBL---EXPLODED NICELY AS IT TAKES OUT ALL MINOR R ON THE WAY UP...37 1/4 THE BUY TRIGGER...34 1/.4 THE SS.. 10...HGSI---POPPED NICELY TRADING RIGHT TO R AT 50ISH...HAS THE BRL LINE OVERHEAD AT 54...50 1/4 THE BUY TRIGGER...47 3/4 THE SS... OK AS FOR THE ROOM TODAY.. THE PASS WORD IS netrader..the admin number is 2156..but the group owner is marketeye..not me..make sure Shoe Adult Groups is checked if you use the admin... no more spam will occurr for now.. see you in the room.. best always jerry Jerry Olson Master Class Trader... buyitbuyitsellitsellit.com

To: Riskmgmt who wrote (1941)	4/13/2001 12:41:07 PM
From: Jeff Jordan	Respond to of 5893

I would like to share a few useful links here from a very special individual who calls himself "Enthios" I first had contact with him though Ravenquote and Kingcambo trading room last summer. I have picked up lots of great ideas and education using ravenquote,qcharts and formula writing from him. Another person is called "citizen" she is also the source of what I want to share here. First let me direct you to Enthios trading page. enthios.com OJ, commented about my use of 1min charts trading futures...here is one of the methods for watching the 1min chart and making these scalp trades in the channel....I have another futures trading friend named TJ, Dave and Boots know him...he trades every wiggle...he can make 200pts out of a 50pt day!....this is pretty much how it's done. One day I may master this stuff...I've been trading futures now for only 6mos. I really do like it. Boots helped me get started. enthios.com another great thing I picked up from these individuals is the "shifted ma's" which can be used in Qcharts.... I wasn't aware that it is called the "citizen envelope" Here's how to set them up and explanation...I only discovered this stuff about a month ago! I love it! someone ravencast me a chart of it one night while I was sleeping and had to figure it out on my own<g> enthios.com how I use them... tenlights.com The enthios site is full of very helpful educational material and trading methods...I highly recommend its perusal by everyone. I have spoken with Enthios a few times as he has tried to educate me to some of his methods....well, that's a tough job!<g> His formula technics are awesome! I never could catch on to his market structure stuff(MSL/MSH) but his use of bollinger bands is great as he incorporates it with the citizen envelope for entry/ exit signal...I tried it still use my own methods...this is what I've been doing from the start...seeing what someone else is doing then play around with it...the 9ma thing is my own...this is one reason I publish all my previous ravenquote workspaces on "the gate' for others to glean anything useful. That is where I first saw what enthios, citizen and others were doing. Early on Boots, TJ, Dave and I collaberated on various studies and charts...I always went my own way but learned something from each of them. I have visited this site before but never really examined everything....well, I'm back for a full refresher course and hopefully a better understanding of these tools and a fuller implementation of some of the methods. I shared some of my sources of info with someone last night interested in trading futures...."he called some of this stuff, the motherload of information and the holy grail he's been looking for<g> I agree, a very educational site for any trader....this is great stuff for a long weekend! the grail stuff only seems appropriate today Good Friday.