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

To: Jerry Olson who wrote (1026)	4/3/2003 2:21:08 AM
From: Frederick Langford	Read Replies (1) \| Respond to of 1617

Market Swing Discussion: Don Sew's Chat Room Notes and Recaps ------------------------------------------------------------ Posted by Nikko_thyme on Wednesday, April 02, 2003 - 10:49 pm: Chat Notes : Wed 4/2/03 9:30 PM Weekly Signals : RUT: Borderline CLASS 1 SELL SOX : UPPER MIDRANGE GOLD : LOWER MIDRANGE USD : MIDRANGE All other indices : Near the OVERBOUGHT area. Tsunami : CLASS 2 BUY. Remember there is a one week window, and a CLASS Tsunami signals a minimum expected move down on the NDX of 18%. Daily Signals : All indices are in the UPPER MIDRANGE-OVERBOUGHT area. The Daily signals would require 2-3 more days of upside to reach the CLASS 1 SELL area. The Weekly signals could reach the CLASS 1 SELL area as soon as this week or next week. Some bullish hints Donald has noticed are improving market internals, NDX wedge break out to the upside with a possible target of 1090 or higher, and the Island Reversal patterns on the NAZ, NDX, and CAC. The bearish 3 Black Crows on the SOX may be negated if the SOX continues to rise above the top of the first Crow. These bullish issues will have to contend with the Bearish Evening Star which formed 9 days ago. Donald believes that there could be one more strong sell off, but is starting to suspect that NDX 800 (last Oct's bottom) could be the lows for the next 6 months, and possibly the rest of year. The DOW/SPX could still do somewhat worse than the NDX. There is a 55 day Fibonacci cycle day tomorrow. (this should be allowed a 3-4 day buffer.) He is still holding a 5% long position, which he will close and replace with short positions as his daily/weekly signals approach the CLASS SELL area and the Tsunami CLASS 1 BUY firms up. He is contemplating establishing a 25-40% short position. Fred