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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (42700)	1/30/2003 5:26:58 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 52237

mish i'm so far ahead of you it's silly already... Good Morning everyone..."ALERT" WE HAVE THE NYSE BP REVERSING DOWN AS OF YESTERDAY...BIG NEGATIVE.. we had a nice day yesterday after a so so start...seemed to me like a grind up day after the Pres's speech and the FOMC no change decsion.. now how high can this go before we find sellers out there again? well here's some numbers to ponder.. this is for the SPX...on the Daily Candle Chart(DCC) we have a triple bottom with a very nice reversal candle yesterday a solid "Hammer" stick...right over head is 2 problems 868 the breakdown area and the descending 20 ema at 887 with a triple top there as well...so very heavy R at the 20 at 887.. we may not even get there, but i think we will grind up to that number... My first thought would be to short that hard..and that's exactly what I'm going to do...i'll have cover stops in place...of course watching the indicators and all the action..but in all reality what with the OTC BP & NYSE TOO reversing back down here this is going to get very bad for techs...again I think on this rally up take action...do not sit there...do something... anyway looks like we'll continue this oversold bounce, the McClellan oscillator was very oversold this past week and that too said a bounce was coming... OK LET'S CHECK THE CHARTS FOR STOCKS TO DAYTRADE... MSFT---50.65 THE BTL---49.20 THE SST----NICE OUTSIDE DAY BULLISH CANDLE YESTERDAY AMGN---53 THE BTL---51.55 THE SST---SOLID BULLISH CHART...SLOW BUT AN EASY TRADER... QLGC---38 THE BTL---36.60 THE SST---GAP RESISTANCE OVERHEAD...ALL TIME FRAMES THERE TOO... KLAC---36.50 THE BTL---35.25 THE SST---HELD A TRIPLE BOTTOM..BUT JUST REALLY BOUNCING IS ALL... QCOM---38.75 THE BTL---37.30 THE SST---BUYERS EVERYWHERE YESTERDAY...HELD TO 200 EMA 40 IS THE B/O NVLS---32.10 THE BTL---30.75 THE SST...SOLID BUYING YESTERDAY ON GOOD VOL...NICE 4 STICK PATTERN MERQ---38 THE BTL---36.60 THE SST---38 IS A DOUBLET TOP & 39 IS A BIG BREAKOUT FOR THIS STOCK... GNSS---16.25 THE BTL---15.20 THE SST---CHART IS SO SO...MIGHT BE A GOOD SHORT SOON... CYMI---34.30 THE BTL---32.95 THE SST---LOTS OF BULLISH BARS YESTERDAY HELD THE 200 EMA...35 THE 3BXRVUP... MO---37.60 THE BTL---36.40 THE SST---CHART IS ON THE BRINK HERE...LOOKS BAD TO ME...BUT THEY LOVE MO<G>.. OK THATS IT FOR TODAY..IN THE PAST 2 DAYS WE'VE HAD WHAT I CALL THE DEATH KNELL FOR THESE MARKETS...BOTH THE NYSE & OCT BULLISH PERCENTS HAVE NOW REVERSED BACK DOWN...I THINK THERE'S NO DOUBT OF AN OCT LOW TEST BUT EVEN MORE THAN THAT MAYBE EVEN BREAK THOSE LOWS...CAREFUL OUT THERE FOLKS...TELL YOUR FRIENDS AND FAMILY TODAY!!!! GDP THIS AM... SEE YOU IN THE ROOM REGARDS JER