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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 (2884)	7/24/2001 3:37:04 PM
From: Jerry Olson	Read Replies (2) \| Respond to of 5893

HERE'S THE MORNING QUICK TAKE Morning all.. I will be doing computer repairs today and tomarrow..and will be on my wife's computer...uh ohh<g>... just a quick headsup here.. THE NQ'S ARE GOING TO TEST THAT HAMMER LOW EARLIER THIS MONTH AT AROUND 1620...BROKEN HAMMER'S ARE BAD..REAL BAD...THE TEST IS COMING THIS WEEK..WATCH THAT TARGET NUMBER TO HOLD... WE HAVE CYCLE LOWS FOR WEDS ALA CARPINO... WATCH THE VIX HERE...27 IS A 3 BOX REVERSAL BACK UP INTO HEAVY R AT 28...29 IS A GIGANTIC TRIPLE TOP BREAKOUT, AND THAT WOULD HAVE AN INVERSE REACTION IN THE MARKETS MEANING WE'D BE MOVING LOWER FAST.. BUT....IT WOULD ALSO BE SETTING US UP FOR A NICE RALLY VERY SOON...WE ARE GETTING VERY OVERSOLD HERE...ON LIGHTER AND LIGHTER VOLUME... I LIKED THAT BOOK TO BILL ON THE SEMIS TOO...WE ARE GOING TO BOTTOM THIS QUARTER..HERE'S MY LITTLE BACK END EQUIPMENT MAKERS LATEST REPORT.. Live Headline 24-Jul-01 07:37 ET Kulicke & Soffa (KLIC) 16.15: Reports Q3 pro forma loss of $0.10 a share, vs consensus estimate of -$0.18; including items loss for the qtr was $0.19. Sales declined 51.2% to $130.9 mln. Company's "best estimate" for Q4 revenues is a range of $90-$105 mln (consensus 122.3 mln). THE CEO FOR THIS COMPANY HAS ENORMOUS RESPECT OF THE ENTIRE INTDUSTRY AS A BELLWEATHER OF THE HEALTH OF THE SEMIS OVERALL...I STILL SAY THAT OCT/NOV WILL BE THE BEST BUYING OPPORTUNITY IN YEARS....SAVE YOUR PENNIES FOR THE REAL INVESTMENT TIME FRAME... THE SPX IS COMING DOWN TO TEST 1170 SO WATCH THAT... THE DOW IS IN A FREEFALL "LOOK" ON THE DAILY CANDLE CHART...LET'S SEE WHERE IT LANDS, AND THEN REVERSES BACK UP..A HIGHER LOW??? NAZ---1900 THE DOUBLE BOTTOM BREAKDOWN..1800 WOULD BE THE NEXT STOP...WE MUST HOLD 1950-1901... NO LONG TERM INVESTING HERE FOLKS...WAIT FOR THE FINAL BLOW OFF SELLOFF...IT WILL COME FOR SURE...USE YOUR HEAD...SELL COVERED CALLS WHEN EVER YOU CAN TO RAKE IN THOSE PREMIUMS MONTH TO MONTH... HAVE A GOOD ONE.. OJ Jerry Olson Master Class Trader... buyitbuyitsellitsellit.com