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To: Jerry Olson who wrote (1108)	7/25/2002 8:03:17 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 1854

This was a quick update onb the 18th...but i talked about this event much earlier.. $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ Morning well first of all INTC came in worse than expected but i said they would..KLIC fell like a stone as i said it would...i also mentioned to short the semis ahead of INTC hope you listened... what now? i think we'll move lower into cycle lows next week, maybe late today or tommorow and then have a nice late month rally..it seems to me we are sold out here...meaning not much more to sell now for the fundies.. the prolem is this, Q3 & Q4 look terrible, and i was hoping things would be improving but there not...based on my info as written here..things are a lot worse will not improve for awile... so we daytrade, we wait, we do not invest YET..when i get the next signal on the NYSE & OTC BP 's reversal up, then we'll get ready for freddy...when i hear from my sources that order flow is pumping in to their businesses then we'll dive in here... the semis and bio tech's BP's have reversed up as evidenced in the rockship pump in the bios...we've been trading them intraday off my buy triggers in the newslettter i mean IDPH --MYGN etc all have been awesome..i only hope your using those triggers... i am totally flat right now, had a sensational week so far both long and short..heading to NYC and will get a newsletter out this weekend looking for a pop after cycle lows next week... have a great trading day best jer Jerry Olson MasterClassTraders.com jerry@masterclasstraders.com buyitbuyitsellitsellit.com