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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 (2922)	7/27/2001 6:15:33 AM
From: Jerry Olson	Respond to of 5893

THIS WAS MY INTRAWEEK UPDATE WHEN I WENT LONG AS THEY SALMMED THE MARKET EARLIER THIS WEEK...7-25-2001 9.04PM... HI EVERYONE.. JUST AN INTRAWEEK UPDATE FOR YOU ALL...SEEMS I NAILED THE BOTTOM YESTERDAY NEAR THE CLOSE..THE SPX HAD A 2B TEST OF BOTTOM, AND HELD...SO DID THE S&P FUTURES AND THE NQ'S AS WELL... NOT SAYING WE CAN'T ROLL OVER AND DOWN AND BREAK ALL THESE NICE LOOKING HAMMERS FOLKS..IT HAPPENS ALL THE TIME...BUT THIS LOOKS OK FOR A LONG SIDE TRADE... I AM CURRENTLY LONG EBAY--ELNT--TQNT--ALTR--DELL--MCHP--ALTR... LET'S LOOK AT THE INDEXS THEN SOME STOCKS I AM STALKING FOR A LONG SIDE BOUNCE INTO CYCLE HIGHS NEXT WEEK....HIGHS???..GEE WHIZ..NOT SURE ABOUT HOW HIGH THO??...WE HAVE TROUBLE OVERHEAD ON ALL INDEX'S LIKE IN DCB EVERYWHERE..INTO RESISTANCE...IT COULD BE JUST SMALL BACK SIDE BOUNCE OR MAYBE WE SURPRISE THE STREET HUH???<VBG>... NOW DO NOT GET EUPHORIC FOLKS....WE ARE SELLING ALL RALLIES NO MATTER WHAT..YOU CAN SHORT ANYTHING THAT RALLIES BACK UP AGAINST THE 20 EMA DAILY...IF WE ARE IN A PROTRACTED DOWNTREND..THEN YOU SHORT EVERYTHING THAT RUNS INTO THE 20EMA...AUTOMATICALLY....TILL WE ARE PROVEN WRONG...NOW ARE WE IN A PROTRACTED DOWNTREND???..YOU BETCHA.... BUT....WE COULD GET A NICE POP HERE...I'VE BEEN TALKING ABOUT THE VIX INDEX...WELL LOOKY HERE..IT HIT HEAVY R AT 28, CANNOT BREAK 29 THAT TRIPLE TOP I WAS TALKING ABOUT, AND WE SHOULD RALLY TILL THIS GET'S BACK TO OVERSOLD SIDE...MAYBE WE TEST 20???..MAYBE NOT...I DOUBT IT...THERE ARE "NO" RALLIES WITH ANY OOOMMMPH..JUST DCB'S...SO WATCH YOUR SELF IF YOUR LONG..TRAIL UP THOSE STOPS..AND TAKE PROFITS WHEN YOU CAN BECAUSE THERE ARE PLENTLY OF SELLERS OUT THERE..PLENTY...25 IS THE REVERSAL OF TREND ON THE VIX..LET'S WATCH AND SEE IF IT HAPPENS TOMARROW/FRIDAY... OK SOME SELECTED STOCKS TO PLAY LONG, AND THEN SHORT<G>... SEBL----IT LOOKS LIKE SEBL HAS COMPLETED A NICE ROUND TRIP TO TEST THE LATE APRIL LOWS...HELD THAT BOTTOM AND LOOKS TO REVERSE BACK UP HERE...34 3/4 THE BUY TRIGGER LONG...LOOKING FOR A BOUNCE TO THE 20 EMA DAILY...38/39....32 1/4 THE SHORT SALE TRIGGER... BEAS---THE STOCK HAS GIVEN...7 CONSECUTIVE SELL SIGNALS...COUNT THEM...7...IS IT OVERSOLD???..MAYBE...BUT I WOULD NOT BUY THIS WITH YOUR MONEY<G>...SO SHORT IT ON ANY RALLY BACK UP TO 22...THE BRL LINE I TALK ABOUT ALL THE TIME...HEY THOSE OF YOU WISHING TO GO LONG...TAKE YOUR BEST SHOT...BEST BET IS TO WAIT TO SEE IF IT CAN TAKE OUT YESTERDAY'S HIGHS AT 21 1/2 THATS THE BUY TRIGGER...18 3/4 THE SS TRIGGER... BRCD---BROKE ANOTHER TRIPLE BOTTOM AT 30 AND IS IN A FREEFALL....SELL ALL BOUNCES HERE...29 3/4 THE BUY TRIGGER...27 3/4 THR SHORT SALE TRIGGER..PERFECT SET UP'S IF YOU ASK ME...EITHER WAY... VRSN---TODAY VRSN GAVE A BUY SIGNAL ON P&F AT 47...SO THE TREND HAS CHANGED HERE...THIS IS RELATIVELY EASY...48 1/4 IS THE GOOD BUY TRIGGER...SOME R AT 50ISH...46 1/4 THE SS TRIGGER... JNPR---CONTINUES DOWN HERE...CANNOT GATHER ANY UPSIDE MO...TRADING UNDER THE 20 EMA DAILY...AND THIS IS AN IMPORTANT POINT FOR YOU DAYTRADERS...ANY STOCK UNDER THE 20 EMA DAILY SHOULD NOT BE TRADED AS A LONG...LOOK FOR BETTER STOCKS ABOVE THE 20EMA...24 1/4 THE BUY TRIGGER, WITH A BREAK OVER THE 25 1/2 AREA BETTER...22 1/2 THE SHORT SALE TRIGGER AND A GOOD ONE TO BOOT... NEWP---BROKE A SPREAD TRIPLE BOTTOM TODAY DESPITE THIS NICE ONE DAY RALLY???...YOU TELL ME!!!!...22 1/2 THE BUY TRIGGER...23 THE 3 BOX REVERSAL BACK UP..DON;T THINK SO THO...19 3/4 A SOLID SS TRIGGER... BRCM---LOOKS LIKE IT'S ROLLING OVER AND DOWN AGAIN...BUY TRIGGER IS 40 1/4...37 3/4 THE VERY NICE SS... CMVT---STOCK IS IN LA LA LAND????...AFTER THE PLUNGE IT';S TRYING TO GATHER ITSELF A BIT...BUT CAN IT???...28 1/4 IS THE BUY TRIGGER LONG...26 1/4 THE SS.. OPWV---STOCK HAS RECOVERED A BIT HERE AND GAVE A BUY SIGNAL ON P&F...MIGHT AS WELL WAIT FOR THE 24 1/2 BUY TRIGGER, TAKES OUT THE HOD TODAY...21 3/4 THE GOOD SHORT SALE TRIGGER... ONIS---BIG BREAKDOWN HERE OVER THE LAST 2 DAYS...ON GOOD VOLUME..ARE THEY DONE YET<G>....20 3/4 THE BUY TRIGGER...18 1/4 THE SS.. IMCL---NICE 3 STICK PATTERN ON THE DAILY..THIS IS A BUY HERE...BEARISH RED CANDLE..HAMMER, THEN A NARROW RANGE BAR HIGHER THAN THAT HAMMER TOP...SWEET...45 1/2 THE BUY TRIGGER HEAVY R AT 45 AND 46..BUT 47 IS AWESOME BREAKOUT TERRITORY...WATCH THIS ONE...COULD BE EXPLOSIVE...MARKET WILLING..OR COULD BE A DUD<G>....DID I COVER MYSELF..HE HE HE...43 1/4 THE SS TRIGGER... HGSI---TRYING TO REPAIR THE CHART HERE...GOOD LOOKING DAILY CANDLE CHART TOO...51 1/2 THE BUY TRIGGER LONG...52 IS THE TRIPLE TOP..53 IS A BIG BREAKOUT...I'LL BE THERE FOR IT...EARLY AND LATE...49 SS TRIGGER... MYGN---TRYING TO IMPROVE HERE...WATCHING THE BTK..IT MUST NOT BREAK 490...530 IS THE REVERSAL BACK UP...MYGN MAY HAVE FORMED A NICE PIERCING PATTERN...WE'LL SEE...42 3/4 THE BUY TRIGGER LONG...R AT 45..BUT 46 IS A BLOW OUT TRIPLE TOP CONTINUATION PATTERN...LOOKS LIKE HGSI???...40 3/4 THE SHORT SALE... IDPH---TRYING TO FORM HERE TOO...53 3/4 THE BUY TRIGGER...51 3/4 THE SS... PDLI---HMMMM..VERY NICE 3 STICK PATTERN ON THE DAILY CANDLE CHART...USUAL REVERSAL TYPE PATTERN...56 3/4 THE BUY TRIGGER LONG...THIS JUST A DCB ON THIS STOCK THO FOLKS...54 1/4 THE SS... KLAC---HELD THE 200 UNDERNEATH AND BOUNCED HERE..I AM LONG THIS STOCK AT 47 3.8THS...51 IS A 3 BOX REVERSAL BACK UP..52 HEAVY R...A BACK SIDE BOUNCE SO FAR...WATCHING THE SOX INDEX..NEVER BROKE MY DOWNSIDE TARGET...50 1/2 THE BUY TRIGGER LONG...52 TARGET...48 1/4 THE SHORT SALE... OK THATS IT FOR NOW..I'LL BE IN THE ROOM TILL 11 AM TOMARROW...TAKING THIS COMPUTER TO THE SHOP FOR REPAIRS.. BEST OF LUCK TO US ALL.. JERRY