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Strategies & Market Trends : Effective Trading In Our Markets. Learn, then Earn -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (950)	7/3/2002 9:59:47 AM
From: HoodBuilder	Respond to of 1854

Been gone for a while, once the candles showed me the way I stepped aside. The PPT is very active and GOLD will have it's day again but I think in late summer.

To: Jerry Olson who wrote (950)	7/3/2002 10:02:13 AM
From: Frederick Langford	Read Replies (1) \| Respond to of 1854

While you were waiting for gold to be a short, I made mucho coin long... Hoping for your pullback to reload for later in the summer. Fred

To: Jerry Olson who wrote (950)	7/4/2002 11:57:26 AM
From: Frederick Langford	Respond to of 1854

Thread, www7.bluemountain.com Fred

To: Jerry Olson who wrote (950)	7/7/2002 3:46:01 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 1854

HERE'S MY NEWSLETTER FROM THE 23RD OF JUNE AND BELOW THAT THE 30TH WITH BELOW THAT AN UPDATE OR 2... $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ JERRY OLSON'S "POINT" OF VIEW NEWSLETTER DATED JUNE 23RD 2002 "IS THERE A BULL IN THE HOUSE?" Hi everyone...it's hot as hades here in the East, hope all is well with you and yours...The wife and me start our summer schedule soon...We head to the beach on the weekends down to Margate NJ, and lay on the beach during the day, then meet friends at our favorite haunts down there for dinner and drinks...It's actually very therapeutic for both of us... Well it sure looks like the bulls are running for the hills here...No buyers in sight, sellers relentlessly selling stocks, each and every week...We are getting dynamically oversold here, and what with cycle lows coming in later this week into July 1st or 2nd, I would get ready to go long here for a nice technical bounce up and into earnings this month... It all fits nicely into place...We are not investing here, we are trading & scalping, BUT, we may begin to play those already Pre Announced stocks as they head up to their reporting dates...Since every chart I look at on stocks sectors and Bullish Percents, is so ridiculously oversold, the Fund Managers will HAVE to come in and buy these stocks and sectors right after they dump their dogs with fleas...at the end of this week...my guess though is they already have dumped them...So a swing trade or an option position type trade could be used here... I do not want to anticipate this coming rally, but I am willing to take a certain amount of risk capital that's been sitting on the sidelines using stops all the way of course, and try to capture this anticipated next move up...Do I expect a BIG move?..nope...but the troops out there always think bullish when it comes to earnings, and they also hope for better guidance too for the 3rd quarter..BTW I will have an update intraweek from sources now traveling in Asia, on the health of the semis in general...There's a ton of speculation out there on this group, and the SEMI BP is very oversold...as is of course so many other BP's on many sectors...the BIO's look terrible here..but tradable...we'll talk more about all the stocks we watch and some new ideas too... was checking on RS(relative Strength), on many stocks over this weekend...We need to developed a list of those stocks that display this sort of good attribute, because if the market rallies, they will move up faster than those stocks without good RS... here's a list of stocks other than tech that have excellent charts and have shown good RS...These stocks will not move very fast..but they look safe and solid... FO---CHART LOOKS EXCELLENT IN A BULLISH TRIANGLE JUST BROKE A TOP HERE GTK---A GAMING STOCK THAT HAS NOT PULLED BACK MUCH SINCE THE SECTOR WAS SO HOT...YOUR STOP HERE IS AT 23...BUT IF YOU BUY IT..DO NOT LOSE MORE THAN OUR BASIC RULE 6-8%...I WOULD WAIT ANYWAY ON ALL THESE STOCKS THRU THE END OF THE WEEK... BSX---DORSEY HAD THIS ONE..BUT IT POPPED UP ON MY OWN SCAN...SLOW MOVING BUT A BIG TIME BREAKOUT IN A LOUSY SECTOR "HEALTHCARE"..WAIT FOR A GOOD PULLBACK AROUND 28 TO ENTER THIS TRADE...SO A STRONG STOCK NOT A GOOD SECTOR..HENCE GREAT RS... CSC---IN THE TOUGH COMPUTER SECTOR...HAS BUILT A SIDEWAYS BASE FOR A LONG TIME...50 IS R..51 A BIG BREAKOUT... CCE---ANYONE FOR A COKE<g>?...THIS COULD BE A SOLID BUY WRITE...BUY A 1000 SHARES WHEN IT PULLS BACK TOWARD 20 AND WRITE THE 22 1/2'S OF NOV... SNIC---ANOTHER IN THE COMPUTER SECTOR BUCKING THE TREND OF THE BULLISH PERCENT AND THE WHOLE SECTOR..RS ANYONE?..JUST BROKE A QUINTUPLE TOP ON A BEAUTIFUL SIDEWAYS BASE...AND ALREADY PULLED BACK TOWARD SUPPORT...WATCH THE MARKET THIS WEEK...IF IT CONTINUES TO MOVE LOWER BUY IT NEAR THE END OF THE WEEK...BTW..IT'S UNDER 10 BUCKS..BUT THE CHART LOOKS GOOD HERE....BE CAREFULL THE STOP IS 6.00... HOTT----FABULOUS CHART, WAIT FOR THE EXPECTED PULLBACK 3-4 POINTS...23/24 WOULD BE IDEAL... BEAV---OK HERE'S A BEAUTY..IT COULD BE A GREAT SHORT OR LONG..HERE'S THE PLAY..ANY BREAK OF 12...11 1/2 SHORT IT..IF IT HOLDS THRU THE CARNAGE TAKE IT LONG WITH A STOP AT 11...GIVE IT SOME LEEWAY..BIG SIDEWAYS BASE... UTX---COULD GO EITHER WAY...IF IT BREAKS 65 SHORT IT...IF IT HOLDS, THEN WAIT FOR THE END OF THE WEEK AND TAKE IT LONG WITH THE STOP AT 64 3/4... SCVL---THIS STOCK HAD A BEARISH SIGNAL REVERSAL HERE, AND IS READY TO BREAKOUT...22 IS THE BREAKOUT..OR WAIT FOR THE 3 BOX REVERSAL DOWN AT 19...WHAT A NICE CHART HERE...SORE FEET ANYONE<VBG>? OK I WANTED TO SHOW YOU SOME NEW FACES OUT THERE JUST FOR FUN...THESE STOCKS FOR THE MOST PART ALL ARE HOLDING UP WELL IN THE BEAR MARKET...SET UP A WATCH LIST AND LET'S SEE HOW THEY DO OK?? LET'S DO THE INDEXS AND SOME P&F INDICATORS TOO... DJIA----SINCE THE SELL SIGNAL AT 9850 WE HAVE SEEN 4 CONSECUTIVE SELL SIGNALS...9100 IS SUPPORT, A PRINT OF 9000 LOOKS LIKE PLUNGE CITY..WE NEED TO HOLD THIS NUMBER THIS WEEK..CRITICAL DOUBLE BOTTOMS HERE ON THE DAILY AND WEEKLY CHARTS...3 BLACK CROWS ON THE DAILY TOO WITH VERY HIGH VOL ON FRIDAY... NAZ/COMPX---HECK 1387 IS THE SEPT LOWS, WE SURE ARE CLOSE HUH??....A BREAK OF 1350 IS EVEN WORSE...6 CONSECUTIVE SELL SIGNALS WITH ALL RALLIES UP AS SHORTS...NO BUYERS...PLENTY OF SELLERS...HOWEVER..WE ARE VERY WASHED OUT HERE...THE "TECH WRECK" ALREADY HAPPENED...IT'S HERE...LET'S SEE WHERE WE GO THRU CYCLE LOWS.. NDX---WHOA!!! THIS INDEX BROKE MY 1050 AREA LAST WEEK...1000 IS SUPPORT, BUT VERY IMPORTANT HERE...WE'RE AT HISTORICAL LOWS...WE COULD GO LOWER OBVIOUSLY BUT...I WILL WAIT AND LET IT SHOW ME FIRST...THIS INDEX COULD CREATE ONE HELL OF A BOUNCE... SOX---THE SEPT LOWS AT 360...CLOSE ENOUGH HUH???...IF WE CAN ASSAULT THAT NUMBER THIS WEEK, I'LL BUY THIS FINAL DIP USING THE SMH SINCE 28 IS THE SEPT LOWS OF THAT ETF...I LIKE THE ODDS..AND OF COURSE THIS WILL "ONLY TAKE PLACE "IF" MY SOURCES BRING BACK GOOD NEWS...OR THE SEMIS BP REVERSES BACK UP BELOW 30%...IT'S 16% RIGHT NOW...IT WOULD TAKE 22% TO MAKE THAT HAPPEN... SMH---I WILL BE PATIENT THIS WEEK, AND SEE IF I CAN TAKE IT LONG... BTK----NEAR THE SEPT LOWS..OF COURSE...WEAKEST LINK OF ALL...SOMEWHERE IN MY SMOG FILLED MIND..I THINK I SAID THIS BEFORE<VBG>...320 THE BREAKDOWN AGAIN.. BBH---WE TRADED THIS ETF SUCCESSFULLY AT THE 83 3BXREVUP OFF THE RECENT LOWS...HERE IT IS AGAIN...WATCHING TO SEE WHERE THE BOTTOM IS...WAIT... VIX---GAVE A RECENT HIGH POLE WARNING, PULLED ALL THE WAY BACK AND HAS NOW RALLIED UP TO 33..36 IS THE DT..37 A NEW BUY TRIGGER, AND WOULD NEGATE THAT HIGH POLE...WATCHING...IF WE TEST 36 AND ROLL OVER THEN WE SHOULD BUY THE MARKET HARD.. VXN---VERY STRONG CHART HERE..VERY...BROKE ANOTHER DT AND RAN UP TO 60..I CHECKED THIS AREA GOING BACK IN TIME..IT DOES OFFER SOME R HERE...ON THE 2 POINT CHART IT'S RIGHT AT THE BRL LINE TOO..I THINK IT WILL BREAK THRU THAT LINE THIS WEEK, IF THE GURU'S ARE CORRECT ABOUT THIS MASSACRE?..WHAT THE HELL IS IT NOW???..SO I'LL ALERT YOU AS TO HOW IT REACTS DURING THE WEEK...IT'S VERY OVER BOUGHT... ALL THE P&F INDICATORS ARE IN COLUMN'S OF O'S AND MOVING LOWER..OUR 2 MAIN COACHES ARE THE NYSE & OTC BP'S..THE OTC IS NEARING THAT MAGICAL 30% AREA...BUT HAS NOT COMPLETLY BOTTOMED JUST YET..WATCHING FOR THIS WEEKS WASHOUT... OK IT'S STOCK TRADIN' TIME...YOU READY FOR FREDDY?..LET'S HOPE IT ISN'T "THAT FREDDY!!!!"<VBG>.... AMAT---FELL OUT OF A RISING WEDGE I WROTE ABOUT...LOOKS WEAK AS DOES THE WHOLE SECTOR FOR NOW...19.20 THE BUY TRIGGER LONG(BTL)...18 THE SHORT SALE TRIGGER BRCD---STILL IN THIS TIGHT LITTLE TRADING RANGE...NOW MOVING LOWER HERE...BROKE DOWN OUT OF A RISING WEDGE TOO...18.50 THE SST...ANY BREAK OF 18 YOU STAY SHORT..17 WOULD BE EVEN BETTER...19.50 THE BTL..MUST TAKE OUT FRIDAYS HOD...AT AROUND 19.85...NO CAN DO??..FORGETTABOUTIT... BRCM---RIGHT AT THE SEPT LOWS HERE..ON A TEST OF THAT DOUBLE BOTTOM...18.40 THE SST..WITH ANY BREAK OF 18 STAY SHORT...19.60 THE BTL... EBAY---4 DAY PULLBACK TO THE BREAKOUT AREA OF 59 THE TRIPLE TOP REMEMBER?? WE KILLED IT FROM THERE..MAN I MADE SOME SERIOUS DOUGH ON THAT LONG...LET'S SEE WHAT IT WANTS TO DO...THE VOL ON THIS PULLBACK WAS NOT , I REPEAT "NOT" BIG...CHECK IT OUT ON THE DAILY...60.50 THE BTL...62 THE 3BXRVUP...58 3/4 THE SST...THE BSL LINE IS AT 55...IT COULD GET THERE.. INTC---AS WE ALL KNOW IT WARNED..WELL HERE IT IS..RIGHT AT THE SEPT LOWS..A DOUBLE BOTTOM...18 THE SST....19.70 THE BTL..WAIT FOR IT.. INTU---ON A VERY NICE PULLBACK HERE..ON A VERY SOLID CHART...PROBLEM IS I DO NOT LIKE THAT GAP LAST FRIDAY ON BIG VOL FOR THE DAY...WE'LL SEE...45.15 THE BTL...43.25 THE SST... KLAC---AWFUL CHART HERE...IT IS SITTING HOWEVER ON THE 200 MVA ON THE WEEKLY...43.25 THE SST...44.90 THE BTL...MUST TAKE OUT FRIDAYS HOD TO KEEP YOU IN THIS TRADE, ON ALMOST ALL STOCKS NEXT WEEK,,,WE MUST TAKE OUT FRIDAYS HIGHS... MSFT---FELL OUT OF A RISING WEDGIE...THIS STOCK HAS BEEN VERY PREDICTABLE...48/49 ON THE LOW SIDE..55/56 ON THE HIGH SIDE..WE HAD A SENSATIONAL 2-3 WEEKS TRADING THIS STOCK..THE BEST WEEKS IN A ROW...BOY OH BOY DOUBLE TOPS AT THE BRL LINE IS AN AUTOMATIC SHORT SALE...LOT'S OF R THERE FOLKS ALWAYS...51.40 THE SST...53.25 THE BTL...YOU KNOW??? I WORTE THAT THIS WAS A SHORT?? WHERE THE HELL WAS I, WITH MY HEAD UP MY?????? NVDA---WELL?..SURE LOOKS LIKE CRAPOLA HUH??...BUT...THERE'S A LOT OF SUPPORT RIGHT HERE ON ALL TIME FRAMES...THIS STOCK IF IT HOLDS UP COULD BOUNCE...23.25 THE BTL...22 THE SST... QLGC---AMAZING CHART HERE FOLKS...SIDEWAYS FOR MONTHS ON END...IT HAS SOME S HERE...THE BSL LINE...BUT..THERE'S A LOUSY DOJI ON THE DAILY LAST FRIDAY...OK WE'LL SEE....43.25 THE BTL...YOU KNOW THE DRILL...41.75 THE SST.... EXPE---A FAV OF MINE..RAN RIGHT UP TO HEAVY O/H R AT THE TRIPLE BOTTOM BREAKDOWN AREA AT 71...AND ROLLED OVER 3 BOXES SO FAR..IT LOOKS LIKE 64/65 COULD BE OK...WHAT IS ABSOLUTELY AMAZING..IT'S ONLY JUST NOW PULLED BACK TO THE 20EMA WEEKLY..UNREAL..LOTS OF POWER...68.40 THE BTL...66.90 THE SST.. AMZN---IS IN A VERY NICE TRIANGLE HERE..ABOVE BOTH THE BRL AND BSL LINES..NOW FOLKS THIS STOCK AND A CHART PATTERN LIKE THIS IS SUPPOSED TO BREAK UP AND OUT...HMMMM...18.20 THE BTL...16.75 THE SST.. MERQ---AMAZING P&F CHART, VERY SYMMETRICAL AND MOVING LOWER HERE TOWARD THE SEPT LOWS...AT 18 BUCKS..WE'LL WATCH TO SEE IF IT GETS THERE...25.45 THE BTL...24.20 THE SST... QCOM---TRYING TO HOLD UP HERE..AND GUIDED HIGHER LAST WEEK...26.90 BTL....25.50 THE SST... MCHP---COMING DOWN TOWARD THE BSL LINE HERE AT 26/25 AREA THE 200 EMA DAILY TOO...27.35 THE BTL...25.75 THE SST... GILD---TRYING TO HANG ON HERE TOO..THE P&F CHART LOOKS OK, AND THATS WITH THE BTK WAAAAAY DOWN HERE...SO YOU NOW HAVE A SOLID LONG PLAY IF WE TURN UP...29/30 AREA IS SOLID S..WHILE 37/38 HEAVY R...32 THE BTL...30.40 THE SST.. MEDI---UH OH..PRECARIOUS SET UP HERE..ALREADY BROKE A TRIPLE BOTTOM AT 28..TRIED TO RALLY UP BUT HIT O/H R AND THEN ROLLED BACK DOWN HERE AGAIN...26.50 THE SST..WITH ANY BREAK OF 25 STAY SS...27.60 THE BTL... IDPH---WELL WELL..IT'S IN A TRIANGLE BELOW THE BRL AND THE BSL..THE DIRECT OPPOSITE OF AMZN...FIGURES TO BREAKDOWN HERE...31.75 SST...33.55 THE BTL... AFFX---THIS STOCK WAS A SHORT ALL RALLY STOCK FOR MONTHS..BUT A GOOD TRADER EITHER WAY...21.75 THE SST...23 THE BTL... IBM----INCREDIBLE CASCADING CHART PATTERN..THIS WAS SOME SHORT...69.75 THE BTL...NEEDS ALL THE HELP IT CAN GET BUT IT IS OVERSOLD HERE..BIG TIME...WARNED THO RIGHT???...67.75 THE SST... OK EVERYONE..HEADS UP...GET ME THE COMING LIST OF STOCKS THAT HAVE PREANNOUNCED UPSIDE EARNINGS..NOT WARNED..I AM THINKING IF WE BOUNCE AFTER THIS WEEK WE SHOULD PLAY THIS COMING BOUNCE LONG...ALSO IF YOU HAVE A STOCK YOU WISH ME TO INCLUDE HERE FOR YOU..JUST LET ME NOW... ANYWAY THIS IS GURU WEEK...EVERYONE HAS IT AS DEATH AND DESTRUCTION..CYCLE LOWS RIGHT NEAR THE 28TH THRU JULY 1ST-2ND TIME FRAME...WE SHALL SEE...BE ALERT..CASH EACH NIGHT..SCALP ONLY... WE ARE GOING TO HAVE 1 MORE FREE TRIAL FOR THE ROOM...EVEN FOR YOU OLDIES BUT GOODIES MEMBERS...WHILE I'M SURE YOUR OUT THERE SOMEWHERE TRADING...MAYBE YOU NEED TO RE CONSIDER AFTER THE FREE TRIAL..WE ARE KEEPING THE PRICE THE SAME FOR YOU...AND, YES I UDERSTAND YOU WISH NOT TO PAY...BUT...FOR THE KIND OF MONEY IT COSTS PER DAY, PER WEEK OR MONTH..IF YOU CANNOT MAKE MORE WITH US EVEN SPENDING THE BUCKS THEN SO BE IT???..BUT I DOUBT YOU'LL FIND A BETTER GROUP OF CARING PEOPLE THAN US...OF COURSE IT'S UP TO YOU AS ALWAYS...OUR QUARTERLY COSTS $350..OR $116.60 PER MONTH ABOUT 5.85 A DAY...HECK THATS NOT MUCH TO BEAT EACH DAY OR WEEK...LESS THAN A ONEWAY COMMISH... I'LL SEND YOU AN INVITATION WHEN WE'RE SET UP... WARMEST REGARDS JERRY Jerry Olson MasterClassTraders.com jerry@masterclasstraders.com buyitbuyitsellitsellit.com