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

To: Jerry Olson who wrote (1950)	4/16/2001 3:08:12 PM
From: Jerry Olson	Respond to of 5893

LOOKOUT BELOW................... everyone... what a nice 3 day weekend...felt good to get some much need rest and relaxation...hope all of you and yours had a nice happy holiday too...Always refreshing to be around family and friends a nice change of pace<VBG>..Heck who the hell sees them anymore???..We're all so busy trading everyday.. As of Monday i will be in the room thru May 4th...that will complete any and all obligations to payees..anyone that is due for renewal for this week..I am charging for my time $40 per week thru that date...Please act accordingly by sending a check to: Jerry Olson 1657 the fairway ste 197 Jenkintown, Pa, 10946 thanks..i'll be doing everything the same thru May 4th..Then?, i'll take some much needed time off, but will be trading in the room from time to time...I'll just pop in when i have the need for some speed, and call it like i see it..I may from time to time send out important breakouts or breakdowns of the indexs and some sectors or important stocks too..But no obligation on my part..I certainly hope you'll hang together in this room for now..till you decide what you wish to do on down the road...Ok let's talk about some stocks and such.. First of all we are in options expiration week, and we have major economic reports coming out as follows...CPI--8.30 TUES THE 17TH ALONG WITH HOUSING STARTS...THEN INDUSTRIAL PRODUCTION ON WEDS AT 9.15 AND LEADING ECO NUMBERS AT 10 AM, JOB LESS CLAIMS ON THURS THE 19TH AT 8.30...and all of this during the most volitile week of the month...We also have major earnings coming out too..some Major Major earnings...INTC and IBM and KLIC<G>...yeah i said KLIC..my 2 top end bellweather stocks are IBM and KLIC right here... we know KLIC is a back end semi equipment maker that guides the entire industry for the turns in cycles...i'll have some info from around the world sources too on the health of the semi business right now and looking forward...and will report it to you on a timely basis.. Many sites have earnings calendars, please check Briefing.com and you'll see those stocks reporting before and after the bell this week...the list is too long for this e-mail... briefing.com do not know if this will work or not because i subscribe to them??? DJIA---BROKE A TRIPLE TOP AT 10,000 HIT 10,150 REVERSED BACK DOWN TO TOUCH 9950 AND RALLIED RIGHT BACK UP TO THE DOUBLE TOP...IT'S RIGHT IN THE MIDDLE OF THE P&F CHART...WE ARE EITHER GOING UP TO TEST THE BRL LINE..THE BEARISH RESISTANCE LINE AT 10,350, OR WE'RE GOING BACK DOWN TO 9950 AND THEN TO 9700... NASD---IT'S RIGHT UP AGAINST THAT 1950 NUMBER...2000 IS THE DOUBLE TOP BUY SIGNAL..WHICH, IF THIS MARKET IGNORES BAD EARNINGS OR BAD FORWARD GUIDENCE THEN WE'LL RUN UP TO 2250-2300 VERY FAST...THIS WEEK WILL EITHER MAKE OR BREAK THIS INDEX....1800 REVERSES THE TREND BACK DOWN WHERE WE COULD TEST THE RECENT LOWS... SPX---WE HAD A PERFECT REACTION AGAIN OFF THAT 1180 MARK FOR THE 3RD TIME...HOWEVER, ANY BREAK OF 1190 WOULD BUST THIS INDEX OUT BIG, WITH ME HEAVILY LONG...THERE'S GOOD SUPOORT AT 1155 SO FAR..ANY BREAK OF THAT TAKES US TO ANOTHER HIGHER LOW AT 1140ISH... SOX---RIGHT AT MAJOR R HERE AT 600/620 THE BRL LINE...AND THERE'S PLENTLY MORE HARD R RIGHT OVERHEAD TOO...540 WOULD BE THE 3 BOX REVERSAL BACK DOWN, AND THAT MIGHT LEAD TO A TEST OF 460 FOR THE 3RD TIME...A MAJOR NEGATIVE THE WAY I THINK... VIX---NOW THIS IS REALLY SERIOUS TO ME...IT'S GIVEN A SELL SIGNAL FOR THE SECOND TIME NOW, AT 30, IF WE CONTINUE TO WORK HIGHER ON THE INDEXS AND THE VIX CONTINUES LOWER, WE ARE IN FOR A MAJOR CORRECTION..I DO NOT LIKE THE LOOK OF THIS CHART...SO PLEASE WATCH FOR A MOVE THRU 28/29 HERE...AND KEEP YOUR LONG TERM POWDER DRY FOR NOW...MY BET IS WE'LL CONTINUE ON DOWN... HERE'S THE TOP TRADERS FOR TOMMAROW AND THIS WEEK..I WILL KEEP THIS LIST INTACT WITH FEW CHANGES AS OUR LAST WEEKS LIST WAS AWESOME TO TRADE...MOST OF THESE STOCKS ARE EARNINGS PLAYS FOR THIS WEEK..I MAY DROP A FEW AND ADD A FEW AS WE MOVE THRU THE WEEK... 1...IBM---REPORTS WED AFER HOURS(AH)---DID NOT ACT RIGHT LAST FRIDAY ALL DAY...IT'S SITTING RIGHT ON THE 200EMA15 AT 96 BUCKS...95 1/4 IS THE SHORT SALE(SS)...IT MUST HOLD 94..MUST...97 1/2 THE BUY TRIGGER..WITH OVERHEAD MAJOR RESISTANCE(R) AT 100..102 EXPLOSIVE FOR IBM AND THE DOW... 2...XLNX--REPORTS THURS AH...NICE BREAKOUT AT 35 IT RAN TO 42 AND JUST REVERSED BACK DOWN ON FRIDAY BUT FINISHED NICELY...AS WE ALL KNOW THESE SEMIS HAVE WARNED SEVERAL TIMES SO THE STREET HAS DISCOUNTED THEM PRETTY HARD..BUT IT STILL REMAINS TO BE SEEN WHAT THEY ACTUALLY REPORT AND WHAT THEIR FORWARD GUIDENCE IS ALL ABOUT TOO...42 1/4 THE BUY TRIGGER WITH R OVERHEAD AT 44/45 ANY BREAK OF THAT WOULD BODE WELL FOR MORE...40 IS THE SS... 3...PMCS---THE CHART IS LIKE ALMOST ALL CHARTS OF THESE BOTTOM FISH PLAYS, THEY FINALLY GAVE BUY SIGNALS..A GOOD SIGN...I THINK<G>...EARNINGS AH ON THURS..28 1/2 THE BUY TRIGGER..29 THE DT BUY SIGNAL...32 OVERHEAD R....26 1/4 THE SS... 4...MUSE---EPS WEDS AH...IT BROKE HARD R AT 41 THE TRIPLE TOP..HIT HEAVY R AT 44 AND REVERSED DOWN...THIS STOCK COULD REALLY POP IF IT BREAKS ANOTHER TRIPLE TOP AT 45...43 1/2 THE BUY TRIGGER...41 1/4 THE SS... 5...BRCM---A GOOD TRADER EITHER WAY...REPORTS WEDS AH...THIS STOCK HIT A LOW ON FRIDAY OF 29 AND A TOP AT 36??? VOLITILE ENOUGH<G>???...36 3/4 THE BUY TRIGGER WITH A MUST PRINT OF 38 TO GET IT OUT OF THE R RIGHT THERE...34 IS THE SS... 6...EBAY---EPS THURS AFTER THE BELL...BOTH YHOO AND AMZN DID BETTER LAST WEEK...EBAY IS HEADS ABOVE THEM BOTH....READY TO BREAKOUT HERE...42 1/4 THE BUY TRIGGER...39 3/4 THE SHORT SALE... 7...MERQ---THE STOCK LOOKS EXTENDED TO ME..COULD BE A VERY SOLID SHORT...48 3/4 THE SS...51 1/2 THE BUY TRIGGER WITH A TIGHT STOP.. 8...JNPR---FLYING ON FRIDAY AFTER SOLID EARNINGS REPORT...VERY EXTENDED HERE...AND NEAR HEAVY R AT 52/53 AREA...52 1/2 THE BUY WITH A TIGHT STOP...49 THE SS .. 9...EMLX---GREAT BUY SIGNAL AT 18 1/2 IT RAN TO 25, VERY NICE...REVERSED BACK DOWN 4 BOXES, I LIKE THAT..AND IS SETTING UP FOR A NICE UP MOVE, MARKET WILLING...24 1/4 THE BUY TRIG...26 WOULD BE SWEET...A CONTINUATION HOLD LONG TRADE...22 THE SS.. 10...CIEN...EXTENDED ON THE CHARTS...POWERFUL 20 PLUS POINT MOVE LAST WEEK FROM DEEPLY OVERSOLD LEVELS...57 1/4 THE BUY TRIGGER...59-61 ISH IS HARD R AREA...54 IS THE SHORT SALE... OK EVERYONE SEE YOU IN THE ROOM TOMARROW..I WILL BE OUT FROM 11.30 TO 2.30 ON AN DOC'S APPOINTMENT WITH THE WIFE... I THINK THE PASSWORD FOR THIS WEEK IS MARKETEYE...NOT SURE ABOUT THAT ADMIN NUMBER..BUT WHEN I GET IT FROM BRUCE I'LL SEND IT OUT TOO YOU ALL... BEST OF LUCK TRADING THIS WEEK... LATER JERRY Jerry Olson Master Class Trader... buyitbuyitsellitsellit.com