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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 (3359)	8/30/2001 8:07:02 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 5893

MORE UPDATES INTRAWEEK this was at 7.57 am 8/28 Good Morning all just some quick thoughts here.. I am going to be aggressive on the long side with the bio techs on any pullback here ahead of the WEDS GDP number...while you all know how i feel about the semis, the bio's look JUST AS GOOD right here...everything i see in all the charts and indicators say buy buy buy... so as of the close of trading tonight, i'll begin to look hard at these stocks, and make buy and sell triggers for us all to trade...the BTK is overBOUGHT here on the daily..i'd like to see a small pullback today and early tomar...hang tough for now.. On the SPX, we topped out short term at 1184/85 area...i am looking for a short pulklback today into tomar say down toward 1165 area....if we hold that support and reverse back up as i suspect..i want you all to go long, the semis and bio's... While i have sent out these updates, and newsletters diligently each week...and btw i have NO obligation to do these mid week updates...my deal has been $40 for a weekly newsletter, i enjoy doing for you and me these intraweek updates to help keep you all posted to some of the short term nuances that can help us make a buck...not making a statement here for any other reason than i may not do these updates ALL the time... Now even much more important to all of us, is STOCK SELECTION, why are many of you asking me about beaten down fallen angels, that have NO chance of recovery???..what i am showing all of you is stocks that have HELD UP WELL THRU ALL THIS CARNAGE...the dogs with fleas, are just that...the street is NOT bottom fishing here, and neither should you...we are only buying those stocks with excellent RS(realative strength) and a great chart..because thats what the street is going to buy..not some dog below 10 bucks!!!!..forget cheap here folks..buy the GOOD stocks, the BEST stocks in the sectors we trade????...you got that???..and i'm not kidding either... so we patiently wait for ANOTHER event in the markets...the GDP number before the bell on WEDS...each time we have waited...it's paid off like crazy...remember the book to bill right after the FOMC???...the CSCO news???..this is the way we trade...we WAIT!!!, no rush, no anxiety, no ants in our pants..just solid thinking all the way thru this morass... please use stops here..while i think we'll have a quick shallow pullback to get even more long on...i am not a Wall Street Wizard..we could break thru my downside targets easily...do not anticapate, do not guess, do NOT GAMBLE... SIT ON YOUR HANDS AND LET STOCKS COME BACK TO YOUR BUY IN PRICE... plenty of solid stocks to trade...every single day... ok nuff of a lecture this am... stops are in place for me..i am currently making 20 profit points on all my stocks i own long...if a get stopped out, or i miss a trade like NVDA..so what??? talk to you later be cool....be smart...THINK THINK THINK.... BEST ALWAYS jerry