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

To: Jerry Olson who wrote (1575)	7/20/2005 8:25:45 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 1617

Good Morning everyone It looks like over the next 1-3 days we could get this pullback I was looking for as we are in "nosebleed territory" as advertised in the Sunday Newsletter. How ever this dip is an opportunity to buy it on support at the rising 20 period moving averages on the Daily Candle Charts(DCC). This would be a wonderful "reset" and a solid breather for this amazing rally off the April lows. The Bio Tech Sector is a "place to place" your hard earned money now as it's close to moving to "favored" status today or tomorrow. AMGN blew the number away and that along with DNA will explode the BBH and the whole sector. I have pounded the table on AMGN's break out at 66 a major push thru overhead resistance. As well YHOO and INTC came in so so last night but I would wait till the smoke clears and then buy the semis with both fists. The SMH is going to get hit this am as INTC is a large part of this cap weighted ETF. But I am chomping at the bit to take it long again. EBAY comes out this evening so we'll see what they can do for the HHH. Here are some of the pullback numbers to look for and set alerts for. the DJIA at 10.500 buy it there using the DIA options. NAZ-COMPX the 20 is at 2115 so watch for the fact it does not get there and shows extra strength for the buy in number. If it does get there it will be a perfect reset. The NDX 20 ema is at 1515.00 not sure we get there either but if we do take it long. SOX index is at 445.00 a great shot at that for a solid pullback to buy. RUT 2000 is at 650 buy it there using the futures. Anyway check all the charts for the rising 20's and use that as the support area to go long again. ===================================================================================== RIMM---71.25 THE BTL---70.25 THE SST---VERY WEAK CHART PATTERN RIGHT NOW 68-69 IS THE EASY DOWNSIDE TARGET. SMH---37.25 THE BTL---36.45 THE SST---LET'S SEE WHAT HAPPENS THIS AM WHAT WITH INTC'S REPORT. FFIV---51.30 THE BTL---50.30 THE SST---WE HAVE TRADED THIS ON A DAILY BASIS AND HAVE DONE QUITE WELL SCALPING. AAPL---43.10 THE BTL---42.05 THE SST---MAN I MISSED THIS ONE YESTERDAY GOT STOPPED BREAKEVEN? OH IT WAS POWERFUL BUY ANY AND ALL DIPS FOR A SWING TRADE. KLAC---48.90 THE BTL---47.90 THE SST---I DID GOOD ON A SCALP ON KLAC BUT I WANT TO SEE HOW ALL THE SEMIS HOLD UP HERE. THEY SEEM TO HAVE SOLID STRENGTH EVEN WITH INTC. EBAY---35.20 THE BTL---34.20 THE SST---EPS THIS EVENING SHOULD BE GOOD WE'LL SEE THIS WILL BE VOLATILE TODAY WHAT WITH YHOO. OSTK---40.60 THE BTL---49.70 THE SST---COULD BE A GOOD SHORTY SHORT WHAT WITH YHOO'S NUMBER. SNDA---34.20 THE BTL---33.20 THE SST---IF WE CORRECT HERE THIS WILL FALL LIKE A STONE. HHH---57.30 THE BTL---56.30 THE SST---MIGHT BE A NICE SHORT THRU FRIDAY BUT WHEN IT STOPS BUY THE DIP. ERTS---60.55 THE BTL---59.55 THE SST---THIS ONE IS SETTING UP FOR AN EXPLOSIVE RUN INTO EARNINGS BUY ANY AND ALL DIPS. ===================================================================================== NOW YOU ALL KNOW WHY WE "DO NOT" HOLD THRU EARNINGS REPORTS. IT'S TOO FUNNY AS YHOO ALWAYS "SELLS THE NEWS". LET'S SEE IF IT HAS ANY SIDEWAYS IMPACT ON THE OTHERS IN THE SECTOR ESPECIALLY EBAY. WE HAVE A CLASS THIS EVENING AT 7.30 EST IN THE REAL TIME ROOM. BRING YOUR MIC'S PLEASE. TELL YOUR FRIENDS TOO. FOR THOSE OF YOU THAT ARE NEW I AM ENCLOSING THE PALTALK DOWNLOAD INFO. ===================================================================================== 1. DOWNLOAD WWW.PALTALK.COM 2. CLICK ON GROUPS TOP RIGHT OF THE WINDOW THAT OPENS 3. THEN SCROLL DOWN TO BUSINESS AND FINANCE CATEGORY AND CLICK ON THAT. 4. THEN DOUBLE CLICK ON MY ROOM "OPEN HOUSE WITH JERRY OLSON" YOU MUST ADD ME AS YOUR PAL SO IF YOU CANNOT SEE OR FIND THE ROOM I CAN "INVITE" YOU. MY NICKNAME IS JERRYO3434 SEE YOU ALL IN THE ROOM SHOULD BE FUN TODAY FOR SURE. BEST REGARDS JER Jerry Olson jerryo34@verizon.net