eurotrader52 said:
What is the DATE for this GRMN trigger? GRMN is up to 105 this morning and happens to be one of my permanent daytrades (
to the long and short side as I posted on this forum in the past) but I'm a little confused
since your triggers above show the long for GRMN at 96 and the short for 95. GRMN closed on Friday @ 98.34 so it couldn't have triggered either a long or a short this current week. If your buy/sell triggers are for the week of 6/19 through the 6/23, then this "trigger" is at least 10 days old. Per your post, GRMN triggered short @ 95 so essentially this is a "hindsight" post after nearly two weeks of GRMN trading both up and down. The attached "historical prices" chart for GRMN for this week includes the Friday close of GRMN @ 98.34.
EURO
my last post to you pal/ read em' and weep..From my Sunmday newstletter the 25th
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JERRY OLSON'S
"POINT" OF VIEW NEWSLETTER
DATED SEPT 25TH 2006
IT'S ALL UP TO THE FED
Hello out there all my cyber trading buddies from around the world. It's been raining here in the east all weekend so kind of quiet at the moment. I hope everything is going well at your house as we head into the FED this week.
We are heading into yet another important FOMC meeting this week as all eyes will be glued to the very important statement reported Thursday at 2:15 as they announce yet another rate hike, the 17th consecutive since way back in 2004. I would think since the Fed Funds Futures are 100% for this meetings results and about 70% for August what a great opportunity to hike the whole ball of wax at .50 basis points and move to neutral. Will they do that? Nah they're too chicken to get it done without jawboning the whole idea way ahead of time. They do not want to scare the street. Heck the streets already scared folks. Witness the massive sell off from the May highs to the June lows. In record time too. They just went bonkers on the thoughts of higher rates lying just ahead. Ok we'll give the Fed a shot that they are fighting inflation, hey I'm ok with that. What I am not ok with is, this consistent pattern of higher rates is going to cripple the already weekend nature of the economic picture right now, and based on the inverted yield curve we are looking in the face of a possible recession on down the road if they continue to overshoot this thing. I have been yakking about this whole deal for months on end, they do not seem to be listening to me? It's not inflation that's going to hurt us, not a chance, it's a slowing economy that could plunge the whole system into disarray if they're not careful. Are they careful at all anyway? Hmmm have to think about that little thought. Being prudent is one thing, being aggressive since we all can see a slowing effect under way makes me wonder who the hell are these so called Federal Reserve Officials if they cannot not see the forest for the trees?. Ok they are saying that inflation is bumping up against there "comfort zone". Well is it pushing over the zone? Are we watching and feeling runaway inflation right now? Look prices are in fact higher I grant you this is true. But if we continue to raise rates, and prices continue to rise, forcing the economy to slow, lookout below folks. That's the mixture of diabolical consequences if it all comes together over time. Let me tell you too, this would not be pretty for the consumer, the stock investor(if there any left standing), not any fund manager worth his salt.
We do have a potential set up for a counter trend rally coming our way this week. Probably post Fed if you ask me. Then the first 10-15 days of July are pretty bullish if you push me to guess. I like us to rally up and into overhead resistance areas on the SPX at around the whole round number about 1300 or so. There have been complete lack of buyers so far since the May highs. Bernanke spooked the whole investing community by not signaling right in the first place. But that is all behind us and the street . They sure know what's in store now. I would like to emphasize that real rates as determined by the ever prescient bond market is leading the FED and it's fight on inflation by breaking out on all yield charts for all time frames. The 2 year is inverted again, not good, and the 5-10-30 all have bearish implications over the long haul, unless we can get an "all clear" here shortly. On the flip side of this horror story is the Point & Figure bullish percent charts. First of all the main indicators I watch have stopped (for the moment) going down for now. Many of the shorter term ones have hit historical levels of support and are trying to gain some traction here. In the midst of all this negative sentiment on the street, by the way at historical lows too, the one shinning index that is moving higher is the NDX BP. It's currently in a column of X's at 40% and looks like it want to rally up large. It touched historical lows in areas that started a major bounce before. What's so funny is this index was a dog with fleas index on the way down and is now "leading" us on the way up. Look I am not looking for new 52 week highs as yet. First we have to wade our way thru enormous overhead areas of strong resistance on all the charts. If you remember folks we are "below" all the moving averages and that usually means tough time ahead till we clear some of them from below first. A titanic struggle is about to ensue but despite all the negative talk out there I think we are in the right time and the right place for a nice rally. Earning season is upon us with little or no new warnings as yet. At least none of the big cap names has warned so far, and we are just 2 weeks away from the start of the announcements to begin. I can say that Gold futures and stocks are about to rally again, Oil & Oil services sectors are on the verge of yet another surge to the highs. While housing and labor markets should continue to cool over the next few months. It seems a terrible mix for stocks prices to move higher, but in all reality that's exactly what I am looking for despite the bad news. We shall see in the next 2-4 weeks, BE READY! Oh btw, was that a sleeping Bear in Barrons this weekend??? That put a smile back on my face!
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DJIA---10.950 THE 3 BOX REVERSAL BACK DOWN, WITH 10,250 O/H R THERE AT THE BRL LINE. WE WOULD HAVE TO PRINT 10,300 FOR A MAJOR NEAR TERM BREAKOUT SET ALERTS FOR THAT.
http://www.buyitbuyitsellitsellit.com/OJ1.gif
COMPX - NAZ---WEEKLY MOMENTUM(MOM) HAS BEEN NEGATIVE NOW FOR 9 WEEKS AND IS GETTING READY TO TURN ANY WEEK NOW. WE NEED TO SEE FIRST A REVERSAL OF TREND AT 2150, THEN A PRINT OF 2160 FOR THE NEW BUY SIGNAL. ANY BREAK BELOW 2100 IS VERY NEGATIVE.
http://www.buyitbuyitsellitsellit.com/OJ2.gif WE EITHER GO TO 2210 OR 2040 GOT THAT?
NDX---PRETTY MUCH THE SAME STORY AS ABOVE THE ONLY DIFFERENCE IS THE STOCKS WITHIN THE CONFINES OF THIS INDEX ARE STARTING TO GIVE BUY SIGNALS A PRECURSOR TO HIGHER PRICES. WEEKLY MOM IS AT NEGATIVE 7 WEEKS RIGHT NOW. SO WE SHOULD ATTACK 1640 BEFORE WE CRASH TOWARD 1480 HERE'S THAT CHART.
http://www.buyitbuyitsellitsellit.com/OJ3.gif IF I AM RIGHT WE NEED TO SEE A BREAKOUT AT 1590 THE 2ND BUY SIGNAL OFF THE BOTTOM.
RUT 2000---READY TO MAKE A MOVE HIGHER IF YOU ASK ME RIGHT NOW. 695 IS THE SHORT TERM BUY SIGNAL AFTER MAKING A 2ND CONSECUTIVE HIGHER LOW.
http://www.buyitbuyitsellitsellit.com/OJ4.gif IN FACT 705 WOULD BE EVEN BETTER AS IT ATTACKS THE 20 & 200 O/H.
SOX---WHEN WE PIFFERS TALK ABOUT "BOTTOM FISH PLAYS" WHAT WE LOOK FOR IS AS FOLLOWS. AN INDEX OR A STOCK BREAKS A DOUBLE TOP OFF THE VERY BOTTOM, THIS IS NOT THE BUY SIGNAL YET, WHAT USUALLY HAPPENS IS THE SIGNAL IS FALSE UNTIL IT REVERSES BACK DOWN 3 BOXES AND THEN COMES UP AND TAKES OUT THE RECENT DOUBLE TOP. ONCE IT GIVES THE "2ND BUY SIGNAL" THEN WE HAVE A LONG SWING TYPE TRADE. HERE'S THE CHART SHOWING THAT EXACT SCENARIO IF IT TAKES OUT 465 THE NEW BUY SIGNAL NUMBER.
http://www.buyitbuyitsellitsellit.com/OJ5.gif IT MUST NOT BREAK 430 BEFORE THAT EVENT. THIS IS A KEY INDEX TO WATCH IF YOU ASK ME. MOM IS READY TO TURN POS TOO RIGHT NOW.
GC CONTINUOUS---HUI---XAU--- ALL GOLD RELATED INFORMATION. ALL 3 INDEX HAS GIVEN SIMULTANEOUS BUY SIGNALS LAST WEEK. MAKING GOLD A NEAR TERM BULLISH TRADE. HERE'S THE FUTURES CHARTS SHOWING NEAR TERM TRACTION AT SUPPORT.
http://www.buyitbuyitsellitsellit.com/OJ8.gif
TNX---THE 10 YEAR YIELDS---EVEN IF YOU KNEW NOTHING ABOUT P&F..JUST LOOKING AT THIS CHART IS BULLISH. THIS IS INTEREST RATES FOLKS. NOT TOO NICE IF YOU ASK ME.
http://www.buyitbuyitsellitsellit.com/OJ9.gif
SPX---I WOULD THINK TO GET THIS INDEX MOVING UP AGAIN IT NEEDS TO TAKE OUT O/H R AT THE 20 EMA & 200 EMA AT 1260+. THAT MIGHT JUST GET THE WHOLE MARKET ROCKIN UP HIGHER.
http://www.buyitbuyitsellitsellit.com/OJ10.gif
ES--U6 & NQ U6 SEPT FUTURES ARE IN DIRE NEED OF A BREAKOUT... FOR THE ES IT MUST TAKE OUT 1272. IF IT BREAKS DOWN BELOW 1244 THAT WOULD NOT BE NICE. THE NQ'S 1560 IS A BAD BREAKDOWN, AND 1595 WOULD BE THE START OF A GOOD NEAR TERM RALLY. THESE CHARTS ARE NOT VERY SUPPORTIVE OF MY RALLY SCENARIO BUT WE'LL SEE RIGHT?
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THE PASSWORD FOR THE WEEK IS........... xxxxxxxxxxxxxxx .............one word lower case letters
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AAPL---59.20 THE BTL---58.40 THE SST---THE BEST OF THE BEST FOR SCALP TRADING WITHOUT A DOUBT. FORMING A ROUNDED BOTTOM ON THE CHART AND NEEDS TO POP THE CORK THIS WEEK.
http://www.buyitbuyitsellitsellit.com/OJ11.gif
SEPR---60.65 THE BTL---59.80 THE SST---PARABOLIC RISE ON EXCELLENT DRUGS AND OTHER NEWS. THIS STOCK IS IN PLAY. BUT THERE'S HEAVY R RIGHT HERE AT 60.00 ON P&F.
http://www.buyitbuyitsellitsellit.com/OJ12.gif SO A BREAK OF 61.00 WOULD BE A BIG EVENT FOR THIS STOCK
RMBS---24.30 THE BTL---23.45 THE SST---NEG MOM FOR 9 WEEKS NOW BUT READY TO TURN POS. HEAVY BUYING IN THIS STOCK FRIDAY IT HAS SOME NEWS THIS WEEK SHOULD BE POSITIVE TOO. I LIKE IT LONG TOWARD 29.00
NTRI---57.65 THE BTL---56.75 THE SST---A NEW TRADER WITH A LOT OF INTRADAY MOVES TAKE THE TRIGGERS AND SCALP IT EITHER SIDE.
AKAM---34.85 THE BTL---34.15 THE SST---I AM TRADING THIS AT WILL EACH DAY USING 2000 SHARES WHEN IT STARTS TO RUN. TRY IT YOU'LL LOVE IT. IT'S GOING TO NEW 52 WEEK HIGHS SOON
SNDK---52.00 THE BTL---51.20 THE SST---TRYING TO BASE BUILD HERE AND MIGHT BE A BURNER IF IT CAN TAKE OUT 55 NEAR TERM SET ALERTS FOR THIS PLEASE...
http://www.buyitbuyitsellitsellit.com/OJ13.gif
MRVL---51.85 THE BTL---50.95 THE SST---WEEKLY MOM JUST TURNED POS, IT SPLITS 2-1 JULY 25TH I LOVE THIS LONG IF IT CAN TAKE OUT 54.00.
TZOO---29.60 THE BTL---28.70 THE SST---IT MUST PRINT 30 TO KEEP MOVING HIGHER THE DAILY CHART AND CCI ARE IMPROVING.
RIMM---66.20 THE BTL---65.40 THE SST---THIS IS THE TYPE OF STOCKS FOR YOU OPTIONS PLAYERS THAT I WOULD TAKE LONG USING THE 60 CALLS FOR AUGUST. EVERYTHING IS TURNING POS FOR IT RIGHT NOW.
http://www.buyitbuyitsellitsellit.com/OJ14.gif NOTE THE GREAT SUPPORT AT 62.00 YOUR STOP IS 61.00.
CELG---46.30 THE BTL---45.45 THE SST---BROKE A MAJOR TOP AT 45.00 LASTS WEEK AND HAS BULLISH IMPLICATIONS FOR A RUN INTO THE 50'S IN THE NEXT 2-4 WEEKS.
BRCM---31.90 THE BTL---31.0 THE SST---THIS STOCK HAS TO PRINT 33.00 TO KEEP IT FROM GETTING MURDERED SOON.
UARM---37.90 THE BTL---37.00 THE SST---VERY NICE SET UP A NICE LONG DRAWN OUT CUP WITH A RECENT HANDLE READY TO ROCK HIGHER.
http://www.buyitbuyitsellitsellit.com/OJ15.gif
JCOM---29.65 THE BTL---28.85 THE SST---WHEN YOU LOOK AT THIS CHART IT WILL AMAZE YOU HOW SYMMETRICAL IT IS FOR MONTHS ON END.
http://www.buyitbuyitsellitsellit.com/OJ16.gif
PEIX---22.40 THE BTL---21.60 THE SST---VERY WEAK CHART BUT DUE FOR A REVERSAL NEXT FEW WEEKS. 24.00 IS THE 3 BOX REVERSAL BACK UP BUT MIGHT BE A BETTER SHORT AFTER THAT.
GRMN---96.00 THE BTL--95.00 THE SST---ANOTHER POTENTIAL OPTIONS PLAY FOR AUGUST. BUY THE 90 CALLS YOUR STOP IS 95.00 PROJECTED TARGET IS 125.00
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THE PASSWORD FOR THIS WEEK IS............... xxxxxxxxxxx .................one word lower case letters.
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WELL THIS IS THE WEEK THAT WAS. FOMC WILL RAISE RATES AGAIN ON THURSDAY OF THIS WEEK. LET'S HOPE THEY SAY SOMETHING ENCOURAGING FOR THE TROOPS OUT THERE...MEANING YOU AND ME.
THIS MEETING IS THE LAST TILL AUGUST SO IF THEY MAKE THAT HARD MOVE TO RAISE BY .50 IT WOULD BE MUCH BETTER IF YOU ASK ME.
IN ANY CASE I AM THINKING THE MARKETS WILL MOVE HIGHER AS WE HAVE APPROACHED JULY EARNINGS SEASON AT VERY LOW OVERSOLD LEVELS ON ALL INDEX CHARTS AND STOCK CHARTS TOO. THERE ARE A MYRIAD OF BEARISH NEGATIVES THAT MAKE ME THINK BULLISH FOR THE NEXT 2-4 WEEKS.
WE SHALL SEE WHAT THE MARKETS HAVE IN STORE FOR US AS WE MOVE TOWARD EARNINGS SEASON.
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I HAVE ASKED ALL OF YOU TO MAKE THE HARD MOVE TOWARD BEING SCALPERS. YOU STILL HAVE FEAR AND MORE THAN THAT HORRIBLE GREED. I CAN NOT EMPHASIZE HOW IMPORTANT IT IS TO TAKE PROFITS EARLY AND OFTEN. WHY CAN'T YOU MAKE THAT SACRIFICE? THIS COULD BE A WONDERFUL OPPORTUNITY FOR ALL OF US TO MAKE A LOT OF MONEY. PLEASE MAKE THE SACRIFICE TO ADHERE TO MY RULES. TAKE THE MONEY AND RUN. SELL TOO SOON. STOP WAITING FOR MORE MONEY OR TAKING MORE LOSSES. AND GET YOUR FUNDS IN THE ACCOUNTS TO PAR AT $5000 MINIMUM. ALSO YOU TRADERS PROCRASTINATING ABOUT OPENING A GENESIS ACCT, YOU ARE STILL JUST FOOLING YOURSELF. YOU WILL NEVER TRADE AS FAST AS ME USING WHAT YOU USE NOW. THE LASER PLATFORM IS BUILT FOR SCALPERS LIKE US. MAKE THE MOVE I AM NOT TALKING ABOUT IT EVER AGAIN. I-MAIL ME FOR THE PAPER WORK AND IAN FOR THE DEMO AND DO IT NOW!
IT'S YOUR MONEY OR YOUR LIFE.
SEE YOU ALL IN THE ROOM
BEST AND WARMEST REGARDS
JERRY & INNA
Jerry Olson
The Jog Group
www.buyitbuyitsellitsellit.com
