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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 (3278)	8/24/2001 8:10:20 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 5893

FOLLOW UP FOR THE BOYS AND GIRLS<G> at 7.34 am on Aug 23...this was an ALERT!!!! Good Morning everyone... well it looks like we "MAY" have hit a temporary bottom here at 1155 SPX... no matter what..you can not stay LONG this market without trailing stops..and at the very least at BREAKEVEN..if you get taken out?? so what?? nothing ventured nothing gained..you lose some commish, but not real trading capital... As of right now i am looking to buy NVDA--PMCS--RFMD if they actually breakout... i want to add to my semis..some BIO techs, the BBH index as it prints 122 would be a breakout buy signal for the index... 520 on the BTK index is a 3 box reversal back up.. please start to check our favorite BIo techs...you know the names..IDPH--PDLI--HGSI--IMCL--GILD--GENZ---these could be a swing trade long... I AM WATCHING WITH INTERST IMNX...it's at heavy R here at 17 1/2..18 to 18 1/2 is a big breakout for this oversold stock.. and btw...the whole sector is heavily oversold and getting ready for a bounce.... I think everyone out there reading my newsletter needs to re think what their trading...and how their trading.. right now we are so obsessed with OTC--NAZ stocks...4 letter stocks...but the real money on the LONG side has been in the NYSE stocks..the 2 & 3 letter stocks.. you need to re check yourself and your charts, IF you wish to play the long side..because quite frankly as this market crashes...we have been seeing NYSE stocks being BOUGHT...check all the stocks you know in the NYSE and look at their charts.. this is a headsup for now...i'll be adding more and more stocks we can trade long(if thats your thing) from the NYSE.. almost every major big cap tech NAZ stock has broken down here..and are SHORTS ON ANY MEANING FUL RALLY..PERIOD... CSCO--MSFT--EBAY--ORCL- ETC ETC ETC..YOU CAN READ THE CHARTS just look at them...look where the NAZ index is..and look where the DOW is holding... hugh difference when you fall from the high 11, 000,s to 10,000...than from 5200 to 1800..think about them apples... anyway...for now i am still looking for a slow grind up rally with fits and starts..they will continue to TEST the rally everyday...be on your toes...take profits when you can, and re visit the SAME stocks at support or sellem' at resistance... be cool, calm, and relaxed...trade like you know you can...forget the noise, the articles, the opinions..just trade the charts...stop reading so much it will mess up your brain... concentrate on MAKING MONEY each and everyday.. ok, so now you have the semis moving on that good news report..and now i am seeing a potential pop in the bios... talk to you later jerry