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To: Jerry Olson who wrote (984)	7/12/2002 7:30:21 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 1854

HERE'S MY EARLY MORNING E-MAIL TO THE TROOPS YESTERDAY, WHILE I DID TAKE PROFITS INTRADAY, I RE-ENTERED ALL THOSE TRADES LATER..IF THE ECO NUMBERS ARE GOOD THIS AM..I WOULD STAY LONG OVER THE WEEKEND...BEST OF LUCK..THIS REPORT CAME OUT AT 8.47AM... $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ Morning all OK well we did capitulate yesterday..we are down this week..almost 500 DOW points..enough for you? certainly enough for me<g>...Btw..i said when we broke that triple bottom on the DOW we would see 8100 ultimately..that still holds true...there could still be more heavy selling here today..please watch for any meaningful reversal back up... we have cycle lows and a bounce coming today, a turn date...i'm not a hero, but i like the fear here... we also have EBAY going into the S&P on July 19th i am going long EBAY today for a buy and hold with a 5% stop..I THINK THE SELLING YESTERDAY WAS EXCESSIVE..THE VIX SPIKE TO 40 SIGNALS WE CAN RALLY HERE...SHORT TERM... I am going long the SMH my stop will be 25...WATCH THE SOX BELOW 340...ANY BREAK OF THAT WE WILL HEAD DOWN TO 300..I'LL WAIT ON THE SMH THEN...I HAVE TIME... I like MSFT---INTU---QLGC--BRCD--EXPE I WILL LEG INTO ALL OF THESE STOCKS TODAY OR TOMMARROW FOR A BUY AND HOLD WITH "STOPS" OF COURSE...NO RUSH TAKE YOUR TIME AND WAIT FOR GOOD LOW PRICES...I AM LOOKING A FOR A BOUNCE HERE ONLY...AND IF WE CONTINUE TO FALL HARD, I'LL WAIT A BIT LONGER... YOU DO NOT NEED A LOT OF STOCKS TO MAKE SOME GOOD MONEY HERE THIS MARKET IS FEAR DRIVEN PERIOD...I AM WATCHING OUR P&F INDICATORS FALLING LIKE STONES..THIS IS "VERY" GOOD...BOTTOMS ARE BEING MADE LIKE THIS... IF EVERYTHING GOES AS PLANNED I WILL HOLD ALL LONG POSITIONS OVER THE WEEKEND.. I'VE HAD AN EXCEPTIONAL JUNE, AND A SO SO JULY SO FAR TRADING...BUT I FEEL THE RISK REWARD RIGHT NOW FAVORS THE LONG SIDE FOR A"TRADE" ONLY..WATCH 905 AREA SPX...AND WATCH VOLUME TO COME IN ON THE LONG SIDE...IF NONE OF THIS MATERIALZES TODAY..I'LL WAIT FOR TOMAR... PLEASE USE STOPS... BEST REGARDS JER Jerry Olson MasterClassTraders.com jerry@masterclasstraders.com buyitbuyitsellitsellit.com