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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (7445)	7/19/2001 4:35:20 PM
From: SusieQ1065	Respond to of 208838

Okay, Jerry...post here as often as you like!

To: Jerry Olson who wrote (7445)	7/19/2001 4:35:32 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 208838

HERE'S THIS AM'S UPDATE.. I WILL ANNOUNCE ON SI WHEN I DO AN UPDATE SO IF YOU DO NOT GET IT..THEN I'LL RE SEND IT , OR POST IT HERE... Morning everyone... well whats going on????...looks like to me whipsaw city, thats whats going on...this market will knock the heck out of your trading account unless your a nimble solid trader..for those of you who are not, stand aside till we get a clearer picture of where we are going near term... we're caught between...1196 SPX and around 1220ish,,,this is going to be easy folks...any break either way should tell us the direction...set alerts and trade accordingly...A BREAK OF 1225/30 IS VERY BULLISH SHORT TERM... we are not out of the woods by a long shot, but the selling is slowing...this is still a short all rally approach to daytrading...remember we are NOT investing, we are NOT buying for the long haul..i feel prices will be MUCH lower later this year as the markets get disappointed again and again... the complancentcy is unreal..BULLS are still in control(of there tails), and only when i see a capitulation heavy volume sellof, with a spike above 35/40 only then will we take a shot at the long side...let this market puke out all the stocks that the Fundies are going to dump late OCT, for the end of quarter window dressing routine...Q3 is still going to be weak...BUT...rate cuts will begin to kick in about then... we are still doing ok in housing and Consumer Conf...so no major recession, albeit we are certainly in one as far as the "real world" is concerned...Greenspan, stoke the markets yesterday with a solid..."we will defend" at all costs...and he will..only at .25 cuts and maybe one more and done....the markets will have to digest that EVENT...when an FOMC meeting occurs and NO Rate cut happens...that should be fun huh???? ok so continue to do what brung you to the dance....play the short side on rallies...use stops...either way..and scalp long when you can...the Mutual Funds are dipping in here...i can smell it<g>..but they'll wind up puking these stocks out later...bet on it!!!!! let's take a peek at our fav's... AMAT----CURRENTLY ON A DCB....44 3/4 THE BUY TRIGGER....47 THE DOUBLE TOP TEST...42 1/2 THE SHORT SALE TRIGGER.....41 IS THE 3 BOX REVERSAL BACK DOWN...THE BOTTOM OF THE 10 WEEK TRADING BAND IS AT 37.... CHKP---IN A TRIANGLE ON P&F....IT'S HOLDING THE APRIL LOWS SO FAR...41 1/2 THE BUY TRIGGER....45/46 TEST OF RECENT HIGHS...38 3/4 THE SS...WITH ANY BREAK OF 37 A NO NO..THIS STOCK IS IN A PROTRACTED DOWNTRENDING CHANNEL... EBAY---YA GOTTA LOVE THIS ONE...CAUSE ' I SURE DO...IT'S CURRENTLY ABOVE ALL MVA'S ON THE DAILY CANDLE CHART..SITTING RIGHT ON THE 20 EMA.....THE BUY TRIGGER IS 67 3/4..THE BREAKOUT NOW IS AT 69...MARKET WILLING IT'S GOING TO BREAKOUT THERE AND RUN TO TEST THE TOP AT 71...65 1/4 THE SHORT SALE...WITH 64 THE DOUBLE BOTTOM BREAKDOWN... PDLI---IN A SMALL TRIANGLE ON THE P&F CHART AT THE LOWER END OF THE TRADING BAND HERE...BUY TRIGGER IS AT 60 3/4..WITH A SHORT BREAKOUT OF 62 A POSITIVE...57 3/4 THE SS...WITH ANY BREAK OF 56 A CONTINUATION SS..BUT...55 HAS SOME SUPPORT HERE... HGSI---TECHNICALLY THIS STOCK IS TRYING TO BASE BUILD...WILL LOOK AT THE BTK HERE IN A SEC...48 1/2 THE BUY TRIGGER WITH A BREAKOUT OF 50 IS THE DOUBLE TOP BUY AREA...AND A CINTINUATION HOLD LONG..WITH TRAILING STOPS...46 1/4 THE SS...WITH A TEST OF 43 ON TAP...THIS CHART HAS COMPLETED A FULL ROUND TRIP AND COULD BEGIN TO REPAIR HERE... BTK---RIGHT AT GOOD SUPPORT AT 500...530 THE 3 BOX REVERSAL BACK UP...550 THE BUY SIGNAL...YOU WOULD HOLD ALL LONGS THERE...ANY BREAK OF 500 IS NOT REALLY VERY GOOD... MYGN---ON A DCB HERE...BUT BEGINING TO SHAPE UP..NEEDS A FEW MORE WEEKSMOF BACKING AND FILLING...HIT A SHORT TERM BOTTOM ON BOTH THE CANDLE AND P&F CHART...43 3/4 THE BUY TRIGGER...MAYBE GET TO 47/48...I WOULD SHORT IT THERE...41 1/4 THE SS TRIGGER, WITH 39 THE BREAKDOWN POINT... QLGC---HIT THE BSL LINE YESTERDAY RIGHT ON THE MONEY..WE MAY GET A DCB OFF THAT SUPPORT..IT'S DEFINATELY SHORTABLE...BUT...45 3/4 THE BUY TRIGGER...47 THE 3 BOX REVERSAL BACK UP...43 1/4 THE SS...40 IS A MAJOR BREAKDOWN AREA... QCOM---I LIKE THIS STOCK LONG HERE...PERFECT PULLBACK ON THE CHART..IT HAS THE 200 EMA OVERHEAD ON THE DAILY CANDLE CHART AT 66ISH...CHART IS IN AN INVERSE HEAD AND SHOULDERS...63 1/2 THE BUY TRIGGER...65 3 BOX REVERSAL BACK UP...WITH A TEST OF 67 A CERTAINTY..68 IS THE BREAK OUT BUY SIGNAL... SEBL--BROKE THE TRIANGLE TO THE DOWNSIDE AS EXPECTED...ALKSO BROKE THE UPTREND LINE ON THE DAILY CANDLE CHART...38 3/4 THE BUY TRIGGER THIS WOULD BE A DCB ONLY TO SHORT...36 1/4 THE SS... TQNT---RIGHT AT THE BRL LINE..WITH EPS TONIGHT..STILL A NICE CHART..WAIT FOR EARNINGS AFTER THE CLOSE AND TRADE IT ACCORDINGLY...IT HAS TO REALLY BREAK THAT DOJI ON THE DAILY ABOVE 23ISH...21 1/2 THE BUY TRIGGER..23 IS A BIG PRINT..BIG... 19 1/2 THE SS...WITH A QUICK TRIP TO 17 1/2 POSSIBLE.. CY---IN A TIGHT TRADING RANGE HERE WITH POTENTIAL EITHER WAY..EPS THIS EVENING I THINK...22 1/2 THE BUY TRIGGER..WITH 26 AN ENOURMOUS BREAKOUT POINT..25 IS HARD R...20 3/4 THE SS TRIGGER...19 1/2 A BIG BREAKDOWN... ELNT---IT'S HOLDING THE DOUBLE BOTTOM HERE AT 26, SO FAR<G>...27 1/2 THE BUY TRIGGER...29 3 BOX REVERSAL UP...25 THE PERFECT SS TRIGGER... CRUS---NICE PULLBACK TO THE 20 EMA DAILY..WATCH FOR THE BOUNCE HERE...25 1/4 THE BUY TRIGGER...23 1/2 THE SELL SHORT TRIGGER.. KLAC---DOING A DCB HERE....49 3/4 THE PERFECT BUY TRIGGER...47 1/2 THE SS... GOTTA RUN TO THE CAR DEALER FOR SERVICE...TAKE CARE WE BE IN RALLY MODE TODAY<G>... LATER ALL REGARDS JER Jerry Olson Master Class Trader... buyitbuyitsellitsellit.com