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Strategies & Market Trends : Trading with Jerry Olson(OJ) -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (458)	12/18/2002 10:40:58 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 1617

MY MONDAY MORNING UPDATE TO DA TROOPS...SOX BROKE DOWN THIS AM AT 305... ########################################################### Good Morning all.. well they brought the entire market up from the brink of disaster...are they done yet?..today and tomorrow should tell the tale... here's my thinking...if we can successfully take out 912/13 are with good volume then I think cycle lows are in for this time period...that low was at 884 es03h...or the spooos...so this is simple if thats broken to the downside we are going lower very fast...you have the numbers set alerts.. now on to a quick subject here...do not trade till we identify the days trend..why the rush? the triggers work beautifully and if we take them at the proper time you'll make nothing but money..so why gamble ahead of the move?,,relax, learn to be patient...or otherwise you'll lose all your money and be permanently out of the game...think, focus, and wait! we have a slew of eco reports this am so we'll see what that brings us... we now have a full archive of our text comments because of the hard work of Cafe and Barb, thanks so much to the 2 of you..we need 1-2 more to help with this..please let them know in the room...this is hard work but so necessary for a record of what we're doing and posting... it will show all of our trades with stops entries and exits..can't ask for more than that? and we can post it right in the room, and on my site soon...yes!.. ok let's check the stocks we love to trade... IDPH---A LOT OF PEOPLE HOLDING THIS ONE SHORT..ME INCLUDED USING PUT OPTIONS...34.75 THE BTL...33.30 THE SST...VACILLATING ALL BOTH P&F AND DCC. KLAC---JUST A GREAT TRIGGER LONG YESTERDAY...39.90 THE BTL...38.35 THE SST...IT'S RIGHT UP AGAINST THE 20 EMA DCC...SO SOME R THERE... MERQ---VERY NICE LOOKING CHART..ORDERLY PULLBACK AND NOW A 3 BOX REVERSAL BACK UP AT 32...32.65 THE BTL...30.95 THE SST... QCOM---VERY STRONG CHART RIGHT THRU THIS WHOLE PB...40.10 THE BTL...38.50 THE SST... ZRAN---UNDERNEATH ALL 3 MVA'S ON THE DCC...SO R IS THERE O/H...17.60 THE BTL...16.40 THE SST... CYMI---MOVING SIDEWAYS HERE...FOR ABOUT 9-10 DAYS...NICE LOOKING CHART TOO...UNLESS WE CRASH AND BURN...34.90 THE BTL...33.30 THE SST... NXTL---EARLY NEWS ON THAT ONE THIS AM...13.35 THE BTL...12.35 THE SST...THE NEWS WAS GOOD... NVLS---GOT AN UPGRADE YESTERDAY AND FLEW...BIG BULLISH BAR ON THE DCC...32 THE BTL...30.50 THE SST.. QLGC---WEAK BUT THEY CONTINUE TO RALLY THIS STOCK ON GOOD DAYS...AT R HERE ON THE DCC(DAILY CANDLE CHART)...39 THE BTL..AND I'LL TAKE THAT TREND WILLING...37.65 THE SST..MIGHT BE GOOD TOO.... EBAY---HAS NOT BROKEN DOWN AT ALL..CONTINUE TO SHOW EXCELLENT RS HERE...70 THE BTL...68.50 THE SST... OK EVERYONE THATS FOR THIS UPDATE..BE COOL HERE..AND LET'S MAKE SOME MONEY.. REGARDS JER Jerry Olson jerry.olson@verizon.net www.buyitbuyitsellitsellit.com --------------------------------------------------------------------------------