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

To: Jerry Olson who wrote (1040)	4/26/2003 3:11:28 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 1617

My newsletter from April 6th ========================================================== JERRY OLSON'S "POINT" OF VIEW NEWSLETTER DATED APRIL 6TH 2003 "SOLID BULLISH P&F INDICATORS" Happy Sunday everyone, hope this newsletter finds you in the best of health and spirits...Well our troops are in Baghdad..Just amazing to me how fast and furious this was, just incredible...obviously the end is nearer now than 2 weeks ago...Let's hope it doesn't get uglier...So far so good... While the markets are in flux now, virtually all of my Point & Figure short and longer term indicators are bullish here... It simply means that the markets are looking forward past this crisis...and quite frankly, this dismal quarter as well..I fully expect the numbers will be bad...But it's going to be a dip buying opportunity if you're not too hasty.. What I mean is this..."if" the War ends this month, then those corps holding back IT spending will come out of the closet and roll forward..they will do it with a vengeance trying to be ahead of everyone else in their space...we have to be positioned well in advance of the crowd..as you already know by my last 2 newsletters we are legging into long positions using stops for protection, but now I want you to still use stops, but looser ones to give you some breathing room for longer term trades...It's imperative to get to "breakeven" on your trade once you're profitable. I'll have a list of 10-12 stocks to buy and hold with solid stops in good sectors...pick 1-2-3 and let them roll..for those of you that understand the use of options, you can and should partake using In The Money Calls for the July/Aug time frame...if we continue to move higher thru those time frames you can always "roll" out & up taking profits and still using a portion of those profits to trade the same stocks...do NOT buy calls OUT OF THE MONEY..no way! The real reason to use options for trading purposes, is to get the "leverage" of much less costs per trade by using the same reasons YOU HAD for buying the stock...so if you like the stock, you'll love the options at 1/5 the cost...as a rule of thumb...as an example...if a stock is $30.00 buy the 25 calls, $50.00 buy the 45's..$80 buy the 75's and so on...Look at the support areas of these stocks, for your exit strategies...if a stock breaks a double bottom, or triple bottom , then "exit" the option trade..obviously the trade is wrong..something is saying the company is going to warn or miss. Remember this folks, the chart of any stock is simply a foot print of supply and demand. Every mark on that chart is telling us something about the stock...It's of the utmost importance that you understand what sectors to trade long. What's your stocks Relative Strength is based on the SPXEWI and it's peers in the same sector..You want the strongest of the strong..Not a stock that's moving the other way while the sector and market is moving up...If you need help ask me..I can give you the "technical" picture of your stock any time..e-mails are free folks..and my time for subscribers while you're paying for the service it includes what ever I can do for you to make you some money... ============================================================================================== HERE'S A LIST OF STOCKS WITH NICE UPSIDE POTENTIAL----MARKET WILLING OF COURSE...I NEED YOU TO REMEMBER WE CAN NOT TRADE EXTERIOR EVENTS OF CATASTROPHIC PROPORTIONS...THEY CAN HAPPEN AT ANYTIME..SO WE IGNORE THEM COMPLETELY.. INSP---IN THE INTERNET SECTOR AT BULL CONFIRMED...BUY THE STOCK 1/2 HERE AND THE OTHER 1/2 ON A PULLBACK TO 10-11 AREA, OR WAIT FOR THE PB AND BUY IT THEN...NO OPTIONS HERE...TARGET---19/20 CREE---SOLID SEMIS CHART..EXTENDED A BIT HERE...BUY THE SEPT 17.50 OPTIONS OR THE STOCK 1/2 HERE AND 1/2 ON A 3 BOX REVERSAL BACK DOWN AT 20.00....STOP IS AT 17.50 ESRX---BUILDING A NICE SIDEWAYS BASE IT HAS RESISTANCE AT 57/58...59 IS A BIG B/O AREA, I THINK 70 COULD BE DOABLE...STOP IS 51...THE AUG 50 CALLS WOULD BE THE PLAY... IRF---A SEMIS IN A LARGE TRIANGLE---IF YOU TAKE IT LONG YOUR STOP IS 18.25 A BROKEN TRIPLE BOTTOM. THERE'S R AT 23..BUT 26 IS MY TARGET... LM---THIS STOCK IS PART OF THE "WALL STREET" SECTOR ON P&F...IT'S JUST NOW TURNED UP INTO BULL ALERT STATUS AT 16%..THIS IS TERRIFIC. VERY LOW WITH A LOT OF POTENTIAL FOR THIS SECTOR AND THE STRONGER STOCKS WITHIN...LOOKS LIKE THE AUG 45 CALLS WOULD BE GOOD, STOP 45... MDCO---HEALTHCARE SECTOR LOOKS VERY NICE...SOLID PB TO S AT THE BSL HERE...HIGHER LOWS AND HOLDING. BUY IT RIGHT HERE WITH A STOP AT 16.00, AND ADD AS IT MOVES UP... SNDK---BROKE THRU THE BRL LINE AND CAME ALL THE WAY BACK TO HEAVY S HERE...BUY IT HERE WITH A STOP AT 14.50 THE TRIPLE BOTTOM BREAK...USE THE JULY 15 CALLS...OR JUST THE STOCK KSS---A RETAILER THAT HAS A NICE CHART DESPITE THE TROUBLE OUT THERE..THAT SHOWS STRENGTH TO ME...I THINK THIS STOCK BREAKS OUT...60 IS THAT DT BUY SIGNAL...BUY IT HERE WITH A STOP OF 54, AND USE THE JUL OR OCT 55 CALLS... GENZ---A SOLID BIO TECH WITH A GREAT CHART..WAIT FOR A PB HERE AND BUY IT LONG...35 WOULD BE GREAT...BUY THE JULY 30'S... RIMM---FINALLY BROKE THRU THE BRL LINE HERE...WAIT FOR A SMALL PB THEN LEG IN TO BE SURE...THE SEPT 12.50 CALLS COULD WORK HERE...OR JUST BUY THE STOCK AT 14 THE 3 BOX REVERSAL BACK DOWN... OK SO THERE'S SOME IDEAS I HAVE FOR LONG SIDE TRADES IN SOLID SECTORS..WITH SOLID CHARTS..IT'S UP TO YOU TO BUY THEM OR NOT...BUT THOSE THAT CHOOSE 1-2 GOOD LUCK...PLEASE FOR FUN..TRACK THEM ALL USING THE CLOSE OF TRADING FRIDAY OF LAST WEEK..SET UP A PORTFOLIO... =============================================================================================== LET'S CHECK THE INDEXS...THE OTC BULLISH PERCENT IS LESS THAN .30% AWAY FROM A REVERSAL BACK UP..THIS WILL HAPPEN THIS WEEK FOR SURE...IT MEANS THAT "ALL" P&F INDICATORS ARE ON TRACK FOR HIGHER NUMBERS AHEAD...USE YOUR HEAD BE COOL, THINK AND FOCUS ON THE GOOD COMPANIES..NO JUNK HERE..AND RELAX..WE'RE IN GOOD SHAPE... DJIA---LOOKS LIKE IT COULD PB TO THE 20 & 40 EMA'S(EXPONENTIAL MOVING AVERAGE) ON THE DAILY CANDLE CHART(DCC) AT 8150 WHICH IS A 3 BOX REV DOWN...NOW LOOK IT DOES NOT HAVE TO DO THAT, WE COULD JUST CONTINUE ON UP THE CURRENT TREND AND TEST THE RECENT TOP AT 8500, IF WE TAKE OUT AT 8550 WE GO TO 8850/8950... COMPX---THIS INDEX HIT THE 200 EMA ON THE DCC AT 1420 AND IMMEDIATELY SOLD OFF CAME BACK DOWN TO 1340. THEN IT RAN BACK UP TO 1410 LAST WEEK AND JUST REVERSED BACK DOWN 3 BOXES TO 1380...AND NOW?...IT HAS GREAT S(SUPPORT) AT THE 20-40 EMAS AND AN UPTRENDLINE TOO...1350/60ISH...NOW IF WE JUST REVERSE BACK UP AND TEST 1410 THEN 1420 AND PRINT 1430..LOOKOUT..THAT WOULD EXPLODE THIS INDEX...UP HARD... NDX---ALSO HIT THE 200 EMA AT 1090 SOLD OFF HARD TO 1020. NOW IT RAN BACK UP TO 1070..WAS THAT A LOWER TOP? 1040 IS THE NEXT 3BXDN HERE SETTING UP A TRIANGLE..THE BULLISH PERCENT OF THE NDX IS BULL CONFIRMED AT 53% AND LOOKING GREAT...TRY THE QQQ'S LONG IN A POSITON TRADE... BTK---ALSO HIT THE BRL LINE AT 360...GETTING THIS PICTURE FOLKS?...INDEXS ARE FINDING SELLERS AT THESE LEVELS FIRST..THEN THE NEXT ASSAULT WE "HAVE" TO TAKE THOSE SELLERS OUT WITH VOLUME...GOOD S AT 335.00 AT THE 20 & 40 EMA...365 IS THE BIGGER B/O... SOX---DOUBLE TOPPED AT 335 RIGHT AT THAT OLE' 200 EMA...HOWEVER IT RAN THRU THE BRL(BEARISH RESISTANCE LINE) THEN CAME DOWN TO 300 ON THAT RECENT HARD PB...IT'S MADE A LOWER HIGH ON THAT DOJI LATE LAST WEEK...LOOKS LIKE IT WILL TEST 300 AGAIN OR 295 THE DOUBLE BOTTOM, BUT IT HAS VERY GOOD S THERE...BP SEMIS IS AT 41+ LOOKING VERY NICE.. NQM3---NAZ FUTURES---IN A TRIANGLE ABOVE THE BRL & BSL LINES USUALLY THIS IS BULLISH AND THEY BREAK UP..NOT DOWN...1040 IS SUPPORT AS IS THAT RECENT LOW AT 1020..1080 CONTINUES THIS INDEX UP..1110 SAY GOOD BYE TO THE SHORTS... SPM3---SPOOOS---RAN RIGHT INTO THE BRL AT 884 AND REVERSED DOWN AS EXPECTED..BOTH GEORGE AND ME HAD 884-88 AS HEAVY O/H R...872 THE 3 BXDN...896 AN ENORMOUS B/O..844 IS THE MIDDLE OF THE 10 WEEK...AND GOOD S THERE... SPX---ALSO FORMING A TRIANGLE AND A BIG ONE TOO BOOT...860 IS A SOLID PB TO SUPPORT..COULD SET THIS UP FOR A LARGE MOVE UP...900 IS THE BIG TIME B/O I PLACED A PROJECTION TOOL ON THIS..912/15 IS THE 1ST TARGET..IT DOES NOT HAVE TO HAPPEN THIS NEXT WEEK..BUT WE'LL SEE... VIX---RALLIED UP A BIT LAST WEEK SETTING UP FOR A SHORT..MY 1ST TARGET IS STILL 27 THEN 23... VXN---VERY WEAK CHART WHICH IS BULLISH AND INVERSE TO THE MARKET IN GENERAL...A DOJI FRIDAY..A BREAK OF 40 TAKES IT TO 34... OK THATS ALL THE INDEXS...I AM BULLISH HERE DESPITE ALL THE NEGATIVES OUT THERE...I AM NOT LISTENING TO ANYTHING OR ANYONE..JUST TRADING MY CHARTS...THEY LOOK GREAT...OTHERS THINK OTHERWISE...SO BE IT...I'LL STICK TO WHAT I KNOW...WORKS FOR ME<g>... =============================================================================================== JCOM---GREAT CHART NEEDS TO PB HERE...30 WOULD BE NORMAL 3BXRVDN(3 BOX REVERSAL DOWN)....32.55 THE BTL---31.55 THE SST. YHOO---I AM LONG AT 23.95...A 3 BOX REV DN IS AT 21..NOT SURE IT WILL GET THERE..BUT WE'LL SEE...24.45 THE BTL---23.60 THE SST... ELX---TRYING TO BREAKOUT HERE...21.00 THE BTL---20.20 THE SST...22 THE B/O 26 THE TARGET I GOT STOPPED OUT FOR $1.00 AND WILL REENTER THIS WEEK... MRK---REALLY WORKING WELL IN GENERAL..I GOT STOPPED OUT AT 56.74 FROM 54.74...WILL REENTER THIS WEEK...NICE LOOKING FLAG ON THE DCC...57.70 THE BTL---56.80 THE SST PG---I AM LONG THIS STOCK AT 88.50 AND WILL HOLD FOR 100<G>...87 IS A REAL 3 BOX REVERSAL DOWN I'LL ADD THERE...90.65 THE BTL---88.70 THE SST... FRX---A VERY NICE CHART HERE. SOLID SECTOR TOO..DRUGS...54 THE 3BXRVDN---I AM LONG AT 55.78 AND WILL HOLD AND ADD...55.85 THE BTL---54.75 THE SST... CREE---EXCELLENT CHART I WILL POSITION TRADE THIS ONA SMALL PB...20 WOULD BE GORGEOUS<VBG>...AND A MIRACLE TOO...BUT IT IS THE 20 EMA DAILY...23.20 THE BTL---22.25 THE SST... RMBS---EXPLODED UP ON THAT COURT RULING AGAIN AND BROKE COMPLETELY OUT DOING THIS MOVE...I EXPECT IT TO PB 3BOXES TO 15.50 I WANT TO TAKE IT LONG...16.10 THE BTL---15.30 THE SST I AM LONG AT 15.75 QLGC---CHART IS SHAPING UP HERE AHEAD OF EARNINGS THIS MONTH...38.95 THE BTL---37.95 THE SST...41 IS THE BIG BREAKOUT FOR THIS CHART... MXIM---EVENING DOJI STAR DCC HERE..BUT SITTING RIGHT ON THE 20 EMA...LET'S SEE WHO WINS...38.10 THE BTL---37 THE SST..I LOVE THIS STOCK LONG IF IT CAN HOLD HERE..THIS WEEK... EXPE---NOT A LOT OF SELLERS JUST YET..NOT SURE THERE WILL BE...BUT IT'S BEGINNING TO PB HERE AFTER A BALLISTIC RUN...50.25 THE BTL---49.20 THE SST IMCL---I LIKE THIS CHART "IF" IT CAN B/O HERE...17.90 THE BTL---17.10 THE SST...POTENTIAL OPTIONS TRADE USING THE 15 CALLS... LLTC---ANOTHER EVENING DOJI STAR, THESE ARE BEARISH PATTERNS FOLKS...I WANT TO OWN THIS STOCK ON ANY PB..DESPITE THAT PATTERN...IT'S SITTING ON THE 20 EMA WITH THE 40 AT 31 AND THE 200 AT 30.50..I'D LOVE TO BUY IT THERE...33.20 THE BTL---32.35 MSFT---SAME PATTERN...EITHER THEY CRASH AND BURN THIS WEEK..OR WE'LL SEE BUYERS STEP UP AND NEGATE THIS LOOK...EVERYTHING IS SITTING ON THE 20 & 40 EMAS DCC...BEEN JIGGLIN' AROUND FOR WEEKS NOW...25.50 THE BTL---24.70 THE SST...23 IS DYNAMIC S... QCOM---DO OR DIE HERE...SIDEWAYS BUT AT LOWER LEVELS...IT MUST HOLD 33...CURRENTLY TRADING BELOW ALL MVA'S..NEGATIVE...34.90 THE BTL---33.75 THE SST KLAC---IN A MAJOR TRIANGLE..UNDER THE BRL LINE..USUALLY THEY BREAK "DOWN" AND RIGHT AT R HERE...I THINK EVERYONE AND THEIR GRANDMOTHER IS THINKING THE SEMIS ARE DOA...THAT'S BULLISH TO ME...I 'LIKE" BEING THE ONLY CONTRARIAN OUT THERE...I THINK THIS Q IS ALREADY DISCOUNTED ...38.75 THE BTL---37.60 THE SST... MERQ---ANOTHER TRIANGLE HERE...WITH A SIDEWAYS LOOK...31.90 THE BTL---30.70 THE SST... IBM---A 3BXRVDN IS AT 80..I'LL BUY IT THERE...DID VERY WELL ON A LONG SIDE TRADE FOR 2 WEEKS ON THIS...81.40 THE BTL---80 THE SST...79 IS GOOD S.... NVDA---SIDEWAYS FOR 2 MONTHS...SHOULD DO SOMETHING AHEAD OF EARNINGS...14 THE BTL---14.50 THE TRIPLE TOP 15 IS A NICE BREAKOUT...12.95 THE SST... GNSS--BROKE A DOUBLE TOP LAST WEEK AT 14.50...AT THE TOP OF A CHANNEL ON THE DCC..CAN IT B/O???...14.95 THE BTL---13.95 THE SST... WELL THAT'S IT FOLKS..WE ARE BEGINNING EARNINGS SEASON AND WARNINGS SEASON TOO..BE COOL...USE STOPS AND RELAX...I WISH US ALL THE BEST OF LUCK AS WE MOVE THRU THIS MORASS... WARMEST REGARDS JERRY ALERT---THERE IS A NEW PASSWORD FOR THIS WEEK..............bullish................one word...lower case ============================================================================================== HERE'S A LIST OF MY SHORT HAND BTL=BUY TRIGGER LONG TAKE THAT TRIGGER IF THE TREND IS MOVING UP WITH YOU SST=SHORT SALE TRIGGER SAME AS ABOVE BUT ON THE WAY DOWN WE CALL THE TREND EACH DAY.. B/O=BREAKOUT DT=DOUBLE TOP DB=DOUBLE BOTTOM BRL=BEARISH RESISTANCE LINE..MEANS TOUGH TO BREAK UP AND THRU BSL=BULLISH SUPPORT LINE HEAVY SUPPORT THERE R=RESISTANCE S=SUPPORT DCC=DAILY CANDLE CHART DOJI=A CANDLESTICK THAT CAN BE BULLISH OR BEARISH AT TOPS OR BOTTOMS IF YOU HAVE ANY OTHER QUESTIONS, PLEASE E-MAIL ME FOR FURTHER CLARIFICATION. jerry olson www.buyitbuyitsellitsellit.com jerry.olson@verizon.net

To: Jerry Olson who wrote (1040)	5/17/2003 10:47:39 PM
From: 2MAR$	Read Replies (3) \| Respond to of 1617

$100 was a nice round number for EBAY huh ? hehe (and made a good short there as well , where they all need to pause ) scalpers market and nice for longs, especially with ISLD telling the story all this time and one could trade momo's rather heavily . now we slide sideways into summer , with mucho surprises ....maybe DELL will start entering the wireless cash register arena ? Or become the king of the direct purchase automated laundrymat change machines now too ? And I have no doubt you were running with the bulls on DELL OJ .....philly boyz just love that EeZee mONAY! LOL ;-))