Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 49.62

-5.1%

Jan 8 4:00 PM EST

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To: GROUND ZERO™ who wrote (1400)	2/27/2002 10:51:53 PM
From: Runomo™	Read Replies (1) of 207682

<<If we break the 1074 level of last week's lows, then we could see 850-900 in the cash my mid summer... by then, all hope will be lost and then we can have that mother of all bull rallies into year's end, and beyond..... Just my guess.....>> Gulp....GZ!!!! a closet grizzly I find hard to believe :} it musta be a ruse or sumptin else.... My guess is the September lows will hold because they were caused by the sort of fear and panic so unique that can only be reserved to major bear market bottoms. I will become bearish if the market revisits these lows by the summer. Check out the action on the Nikkei this month. The index made a fresh 52 week low on the 6th of this month and has rallied strongly off those lows. So far this evening it continues to rally and should close the month positively giving us a monthly stick reversal. I have found those to be a very reliable bottom indicator. Moreover, this bottoming is happening with positive momentum divergences galore between the Sept 01 low and the February 02 low. I believe the long and tortured Japanese bear market is officially over. Cheify...do ya see da same chit I see in da land of da rising sun?? Oh and BTW, check out da chart on TTH..telecome holders trust..see any parallels with da Nikkei??? also note the sudden spurt of buying interest this week.... Today's Naz action was simply bumping against the downtrend line of this two month correction and gap overhead..pullback normal business...a breakout should happen after initial weakness and retest , BWDIK..IMO...etc.... Mo

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