Trading with Jerry Olson

[Jerry Olson]

Good Morning traders

We have had over the last 2 weeks a bottoming process that is now moving higher off a very oversold area on those oscilators...Now we are at overbought levels on a short term basis..I am suggesting to tighten up stops, and buy the next small dip in the markets for the long side buy and hold strategy..

i have reported to my people in the last newsloetter posted here to get long. Use options, or stocks but we are going higher soon.

The Semis are going to lead this rally and all of us are already positioned long in that group well ahead of the maddening crowd..The SEMIS BP has reversed up yesterday so we have the ball here and in excellent field position too. I already own KLAC---SMH---INTC---NVLS---BRCM

I have pounded the table on the INETS EBAY AMZN AND YHOO etc.. they are all moving into 52 week highs without the INET Bullish Percent even reversing up yet? they have a long way to go, use Sept Oct strike months for these high quality stocks. I AM HEAVILY LONG YHOO AND WILL NOT SELL IT...

all in all i am bullish here, sitting on major profits already with hard stop loss orders in place at profits...

those that were short last Friday trying to trade against my thinking are sh****T out of luck...Ken Cal Tech Swing Trader and that whole nitwit group...having problems little boys? Where are you now? hiding under the bed, or did you run off to your mama

all you need to do is forget the noise, read the charts and understand the change of the streets sentiment here. Unless and until you're ready to become a trader and not a thinker you'll not succeed..

Remember if you're on the worng side of a trade, change it folks, do not just sit there like a dummy. I do it all the time you have to move off the dime.

Have a great holiday weekend all...

best regards

jerry