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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 (3276)8/24/2001 8:07:31 AM
From: Jerry Olson  Read Replies (1) | Respond to of 5893
 
POST FED AFTER HOURS

WELL TODAY WAS A CARBON COPY OF THE LAST FOMC ALMOST EXACTLY...

WE AWAIT THE BOOK TO BILL ON THE SEMIS..EXPECTED NUMBERS TO BE .60+++ UP FROM THE JUNE NUMBER AT .54

TQNT HAD A VERY SOLID AFTER HOURS CONFERENCE CALL...

SO IF THE BTOB COMES IN GOOD..I AM GOING LONG THE SEMIS...AND QCOM TOO..

HERE'S THE POTENTIAL LIST OF LONGS USING STOPS OF 1 1/2 ON EACH IF AND WEHN YOU TAKE THEM AFTER HOURS...

QCOM

TQNT

ELNT

RFMD

KLAC

NSM

MCHP

CY

PMCS

NVLS

AND THE SMH..WITH A STOP JUST BELOW A BIG BREAKDOWN NUMBER OF 40 3/4...YOUR STOP..

"IF" THE SOX INDEX BREAKSDOWN AT 520 THEN ALL BETS ARE OFF...NO LONGS...

THE SPX HELD THE DOUBLE BOTTOM HERE AT 1156.00 VERY POSITIVE...

HOPE ALL OF YOU SAT TODAYS DANCE "OUT"..NOW BE COOL HERE..

DON'T DIVE IN HARD..JUST MAKE A NICE TRADE..AND PLEASE..USE STOPS..

GOOD LUCK..

JERRY