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

To: Jerry Olson who wrote (988)	3/25/2003 4:12:07 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 1617

this mornings update to the troops.. =========================================================== Good Morning all I will be out of the room this am I have an IRS & SS appt and do not know when it will be over...They called yesterday and moved it to today.. Hopefully George-Ari-Mish-and everyone will contribute till I return. I wanted to point out to you all that yesterdays selloff was of course not unexpected...I used the term "overbought" 100 times in Sundays newsletter... but it did NOTHING TO MY INDICATORS..HERE'S THE MOVE ON THE NYSE AND OTC ETC.. The NYSE Bullish Percent fell by 0.04% and OTC Bullish Percent rose by 0.14%. The Optionable Bullish percent rose by 0.02%. In fact the OTC Hi LO indicators reversed up here...we have a lot of underlying strength from that rally last week...Of course things "could" change if we continue lower..But I think we'll continue to build on last weeks rally based on those P&F indicators that reversed up. What should you do? buy this pullback..wait for your favorite stock to pullback a minimum of 3 boxes and then set a solid stop under where you buy in, and let the stock or ETF run... this is a great "trading" opportunity..do not be afraid as long as you use hard stops...give the trade some room, do not lose more than 7-8 % of the whole trade... Buy the SMH--BBH--PPH on any nice pb..you can use options too here...but go out to May/June..not April...give yourself some time for the trade to work...and by In the Money Calls...You want to make money on the whole move up..As a rule of thumb 50% to 100% on your option trade is all you should expect... OK HERE'S THE STOCKS TO TRADE...USE STOPS AND WATCH FOR NEWS. THE MARKETS ARE DRIVEN HOUR BY HOUR ON NEWS...IF YOU ARE TOO NERVOUS AT THIS TIME SIT ON THE SIDELINES AND PAPER TRADE WITH US...DO "NOT" LOSE YOUR TRADING CAPITAL HERE..THERE WILL BE BETTER OPPORTUNITIES TO MAKE YOUR MONEY WORK FOR YOU...OK? IMCL---17.50 THE BTL---16.75 THE SST---THIS STOCK WAS AWESOME YESTERDAY...I TRADED IT WELL... MSFT---25.80 THE BTL---24.90 THE SST---GOOD SUPPORT(S) AT THE 20 & 40 EMA'S DCC CHART AT 24.50... AMZN---26.75 THE BTL---25.80 THE SST---THEY WERE TAKING PROFITS ON THIS STOCK YESTERDAY...24 THE 3BXRVSN QLGC---39.10 THE BTL---38 THE SST---SHOULD REVERSE BACK DOWN HERE...37 IS THE NUMBER... KLAC---38.85 THE BTL---37.85 THE SST---HIT THE BRL AND IS CORRECTING...37 THE 3BXRVDN... OVTI---22.90 THE BTL---21.90 THE SST---SOLID STOCK AND CHART PSFT---16.60 THE BTL---15.80 THE SST---HAS HARD R AT 17.50 AREA... CYMI---26.80 THE BTL---26.10 THE SST---UNDER THE 20 EMA DCC CHART A BACKSIDE BOUNCE FROM BELOW YHOO---23.80 THE BTL---22.95 THE SST---VERY NICE CHART...21 IS THE 3BXRVDN...A GOOD BUY IN PRICE... ELX---20.50 THE BTL---19.80 THE SST---SOLID CHART THE 3BXRVDN IS AT 19..A GOOD BUY IN POINT.. ON THE SPM3--SPOOS...ON P&F...860 KEEPS IT MOVING LOWER...876 REVERSES IT BACK UP 3 BOXES...SET ALERTS... THE VIX REVERSED BACK UP YESTERDAY 3 BOXES TO 36..BUT IT LOOKS WEAK TO ME AND COULD BE A SOLID SHORT WHICH IS A POSITIVE FOR THE MARKETS...37 HIT'S THE BRL LINE... OK I AM OUTTA HERE THIS AM...TALK TO YOU WHEN I RETURN LATER JER jerry olson www.buyitbuyitsellitsellit.com jerry.olson@verizon.net