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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 (2121)	4/24/2001 2:26:16 PM
From: Jeff Jordan	Respond to of 5893

earnings play?...62%retracement complete? tenlights.com

To: Jerry Olson who wrote (2121)	4/24/2001 2:40:05 PM
From: Jerry Olson	Respond to of 5893

here's the morning e-mail Morning everyone... Like i said "Charts do not lie"....there was a pullback coming because of an excessive move up without any pullback on my P&F charts...I have always told you that ALL triple tops and bottoms correct...almost every stock on the watch list was a triple top type chart...Hence....PULLBACK as expected... I am seeing some rise in OIL prices and the Bond market is begining to move up as well...Both have inflationary tendencies...The FED will ignore this in the short term, but will NOT ignore it once it stops cutting rates...and that may surprise the markets in May...Let's think of a worse case senario..A) they cut .25 basis points B) they don't cut at all...you tell me what the markets reaction will be under that senario??? Listen...keep on daytrading, with one 2 days of swing trading if you wish...Earnings are coming in so so..do not hold over night any stock reporting...but you can if you wish try to swing trade now...I think the long side is where that type of action should be focused for now...Remember after earnings the street will be looking forward to the FOMC mid May... here's todays top traders list same as yesterday, and what a wonderful short side call that was...if i do say so myself<G>... 1...CHKP 73 IS A 3 BOX REVERSAL UP W/O PRINTING 69....I AM LOOKING FOR SOLID REVERSALS UP IN ALL CHARTS FOR A TREND CHANGE IT MAY TAKE A DAY OR TWO TO DEVELOPE...73 1/2 THE BUY TRIGGER...71 THE SHORT SALE(SS)... 2...EMC---I'LL ONLY SAY THIS ONCE..NICE PULLBACK...40 3/4 THE BUY....38 3/4 THE SS 3...NTAP---21 IS A 3 BOX DOWN HERE...22 3/4 THE BUY TRIG...20 3/4 THE SS.. 4...IVGN---CLOSED ON A DOJI 15 MIN CHART...63 3 BOX UP...63 1/2 THE BUY...61 SS.. 5...LLTC---AT SUPPORT(S) ABOVE THE BRL LINE...50 3 BOX UP..47 3/4 THE BUIY TRIGGER...45 3/4 THE SS.. 6...IDTI---WHAT A PULLBACK<g> OK SO I SAID IT...40 A 3 BOX UP...38 1/4 THE BUY TRIGGER...36 1/4 THE SS.. 7...QLGC---PERFECT SHORT YESTERDAY...40 IS A 3 BOX REVERSAL UP...38 3/.4 THE BUY TRIGGER...36 1/4 THE SS... 8...RIMM---SOLID PULLBACK SO FAR...29 3/4 THE SS, BROKE THE 200EMA15 YESTERDAY...32 THE BUY TRIG.. 9...VRTS---NICE LOOKING CHART PATTERN HERE...61 3 BOX UP...60 3/4 THE BUY TRIG...57 3/4 THE SS.. 10...VTSS---ANOTHER SWEET PULLBACK...31 1/2 THE SS...33 3/4 THE BUY TRIGGER... OK SEE YOU ALL IN THE ROOM REMEMBER PICK UP THE MIC TODAY EVERYONE... LATER JERRY Jerry Olson Master Class Trader... buyitbuyitsellitsellit.com

To: Jerry Olson who wrote (2121)	4/24/2001 6:28:56 PM
From: Gersh Avery	Read Replies (1) \| Respond to of 5893

Ohhhhhh Nooooooo .. The SPX closed below the tine (1209.72)! Even worse, that tine is moving up at a rate of >4 points per day! So when we open we start out four points below the tine! Next tine 1161.89. And if that doesn't hold then we're back to the red descending fork.