InvestorsHub Logo
Followers 246
Posts 14550
Boards Moderated 1
Alias Born 07/09/2002

Re: blacktruck post# 4873

Wednesday, 08/15/2007 3:19:14 PM

Wednesday, August 15, 2007 3:19:14 PM

Post# of 4893

Jerry Olson
The Jog Group LLC
jerryo34@verizon.net

----- Original Message -----
From: jerry olson
Sent: Wednesday, August 15, 2007 7:39 AM
Subject: pre market update


Good Morning all

We are moving lower at breakneck speeds these days since the electronic markets using buy and sell programs and other sundry tools to trade the markets are creating this amazingly fast move lower. In less then a blink of an eye all the bullish percents on P&F are moving rapidly toward the Green Zone even though the street is scared out of their wits right now i am telling you all be ready to buy some selected names of stocks and etf's very soon. However we are not ready to place sideline cash into this wild abyss of a market just yet. There is a"potential" for a massive final move lower to occur at any moment on any day in the next time frame. We are setting up this crash move when all of the indexes line up and give sell signals all together. Actually it could happen today. Here are the "Lines in the Sand" numbers on all the major indexes that when "triggered" could create a waterfall effect of major proportions. Even if this does happen what it will do is push the BP's down to buy territory where we can get into positions well ahead of the maddening crowd out there in la la land. Probably "The" most important event today will be the breakdown of the BP SPX at 46% that has not happened in 4-5 years folks. When we check the historical levels of all the BP"s and all the index charts there is plenty of room to the downside left on the charts. While i loathe to predict it looks like this is actually going to happen soon. On top of that yesterday many of the financial stocks broke down on their respective charts and that always means trouble for all indexes since the financials play a large role in the make up of each major index. We have the all important CPI this morning and while i think it will come In good and we may rally up off that news at 8.30 i doubt it will be enough to save this current trend. What is so amazing to me is there are many solid stocks that can be traded without worrying about the crash each day to the long side. Showing incredible strength to me and the street. When we bottom, when the BP'S get down to their lows, when the selling is done soon, these names will be the hallmark of a balanced stock portfolio that could appreciate nicely over the next 6-12 months. Being in cash each night is nothing short of golden!

LINES IN THE SAND NUMBER

1---WE HAVE ALREADY BROKEN DOWN ON BOTH THE ES U7 AND NQ U7 NOT A GOOD THING

2. DJIA BELOW 13,000 A NEW NEGATIVE FOR THAT INDEX

3. NASD-COMP---2480 COULD MEAN 100 POINTS LOWER

4. SPX---1420 COULD SEE 1340 AT THE BULLISH SUPPORT LINE

5. NDX 100---1890 A BIG BREAKDOWN OF THE BEST OF BREED CHART

6. SOX INDEX---485 WOULD PUSH IT A LOT LOWER AND AMAT DID NOT HELP LAST NIGHT

I THINK YOU GET THE PICTURE FOLKS..

NOW SINCE THE VOLATILITY IS SO WILD RIGHT NOW AND SINCE WE HAVE THESE REDEMPTIONS BEING REPORTED BY THE NEWS MEDIA TODAY. I AM REFRAINING FROM BUY AND SELL SIGNALS. I ASKED THE ROOM TO ANNOUNCE ALL TRIGGERS YESTERDAY NO ONE EVEN BOTHERED.

NEXT THE QID WILL BREAK A SPREAD TRIPLE TOP AT 48.00 ON THE WAY TO 50 FOR A QUICK TRIP.

NEXT THE DXD INVERSE TO THE DJIA BROKE OUT YESTERDAY AT 54.00 THIS WAS BIG NEWS.

NEXT THE SKF INVERSE TO THE FINANCIAL SECTOR CONTINUES TO BOUNCE OFF THE BSL LINE AND LOOKS TO BE HEADING TOWARD THE 110 TO 115 AREA SINCE THE LARGE CAP FINANCIAL STOCKS HAVE ALL BROKEN NEAR TERM SUPPORT.

NOT A VERY PRETTY MARKET RIGHT NOW, BUT IN MY OPINION IT'S A NORMAL CORRECTION IN A BULL MARKET. WE WILL BOTTOM VERY SOON, AND WE WILL RALLY LATER THIS YEAR BECAUSE OF FED INTERVENTION AND A WILD SHARK FEEDING FRENZY TO BUY BUY BUY. YOU'LL SEE IT EVERYONE IT ALWAYS HAPPENES JUST THAT WAY. NOTHING EVER CHANGES IN THE STOCK MARKET. NOTHING!

HAVE A GOOD TRADING DAY

SEE YOU IN THE ROOM

JERRY & INNA
Jerry Olson
The Jog Group LLC
jerryo34@verizon.net

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.