Trading with Jerry Olson

[madrose1]

The other thing regarding AMAT , even though they sold it back down hard after eps (not such a good thing, admittedly ) was they got thru it fairly unscathed showing strength across the boards upon guidance and even taking more market share ...
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=19823572

so my reasoning was watch them go after NVLS and KLAC which they already had in large doses, but they all bounce when INTC bounces almost everytime ...and INTC led them today in a contrarian move which made it easy to see they were poised to bounce off these lower supports ...while AMAT , at least temporarily was holding that double test of $20.90 for this week .

That is covering by the larger Hedgies , and pro-traders capitalizing on every uptick reverse squeeze , which today was over +$1.50 bounces almost on KLAC and NVLS each. That books you a ton of $$$ on any given day if you see that potential for the short~hedgies to lock in profits , which they can't do easily or unnoticed , except into extreme weakness.

There is big money on both sides of the fence who both know the steps of the dance ...and if you get caught in between you can get rolled over easily....now for the next set-up.

Marshie just got lucky ...cause I just can't read charts !

<GGGGG>