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

To: Frederick Langford who wrote (2193)	5/1/2001 2:19:09 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 5893

OK Fred having some problems myself.. went long BRCD this amn looking nice again.. here's the morning e-mail for da troops<g>...hope you get your stuff fixed... Morning everyone... I am going to be out from 10.15 to about 1.15 both of us have doc's appointments today... Just a quick reminder...While we all can see the bullish side of the markets clearly now, as sentiment has certainly changed...you still MUST use stops..and we still must trade the short side for profits...plently of money to be made on both sides...don't lose sight of that fact... It's not good to let a bias creep into your thinking...Nothing wrong with trialing stops..this makes great sense on the long side..and continue to scalp on the short side intraday...i would not hold shorts overnight right now... Carpino called that top yestedray almost to the minute...re-read that report i sent you...we will always be testing the lows as we move higher...they will be higher lows though...so stay loose...the room is working very nicely with an eclectic mix of very soilid traders...bring your friends in so they can enjoy the terrific calls all day long...this way we'll all be in one place... HERE'S THE WATCH LIST FOR TODAY.... 1...NVDA---HECK IF YOU CAN'T MAKE MONEY TRADING THIS WILD STOCK YOU'LL NEVER BE A TRADER<G>...84 1/2 THE BUY TRIGGER...WITH R(RESISTABCE) AT 89 THE DT(DOUBLE TOP)...82 THE SHORT SALE(SS)... 2...VRSN---BROKE A TRIPLE TOP YESTERDAY AT 54 AND PROMTLY SOLD OFF...YES SOME TIMES THIS HAPPENS....WATCH FOR A PULLBACK FIRST NOW, AND THEN ANOTHER ASSAULT ON THAT BREAKOUT AGAIN...52 1/2 THE BUY TRIGGER 55 WOULD CONFIRM IT...50 1/2 THE SS.. 3...CMVT---RANGE BOUND RIGHT NOW...66 THE BOTTOM TO 72/73 THE TOP...67 1/4 THE SS..65 IS A NO NO...69 1/2 THE BUY TRIGGER... 4...OPWV---DT BUY SIGNAL YESTERDAY AT 36...35 1/2 THE BUY TRIGGER ...37 THE CONFIRM...33 3/4 THE SS...30 IS TROUBLE.. 5...ADBE----SETTING UP FOR AN EXPLOSION SOON...48 IS HEAVY R..49 BIG BREAKOUT NUMBER...46 1/4 THE BUY...43 3/4 THE SS... 6...SEBL---HIT R AT 47...46 1/2 THE BUY...48 IS THE DT BREAKOUT(B/O) NUMBER...44 THE SS WITH 39 NOT VERY GOOD.. 7...MUSE---BREAKS A DT AT 47, I POUNDED THE TABLE ALL DAY ON THIS ONE, IT WAS UP AT ONE POINT 4-5 POINTS...50 1/4 THE BUY...48 THE SS... 8...QCOM---TRENDING DOWN RIGHT HERE...LOOKS SHORTABLE EARLY...56 1/4 THE SS 53 THE TARGET...58 3/4 THE BUY TRIGGER.. 9...CIEN---DCB YESTERDAY FROM VERY OVERSOLD LEVELS...56 1/4 THE BUY R AT 59ISH...53 3/4 THE SS.. 10...JNPR---DCB TOO...OFF THAT 52 LOW...60 1/4 THE BUY..66 THE TARGET...58 THE SS... SEE YOU LATER JERRY Jerry Olson Master Class Trader... buyitbuyitsellitsellit.com