Technology Stocks & Market Talk With Don Wolanchuk Message Board

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

SOXL 47.78

+0.8%

Oct 31 5:00 PM EST

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To: robert b furman who wrote (2439)	4/28/2002 8:12:20 PM
From: Runomo™	Read Replies (2) of 206718

<<Me thinks hunting season will scatter them rompers.Rumored to begin in July.gg>> Hi bob...waiting till July could mean a lot of havoc and destruction still untold .... It seems to me that the coming week is shaping up to be one of the do or die variety....it also seems to me that this week is THE best spot for a great surprising ambush. We(da bulls) all feel sick and tired of this market after regular punishment since the beginning of the year. One false rally after another. Last week we "decisively" violated support on the Naz and thru the neckline of a little and a larger head and shoulder pattern with objectives of 1580 and then 1280. Everybody who does TA has taken note of this fact and thusly a thick air of resignation pervades the hallowed halls of our greatest aspirations....I am ready to throw in the towel...but wait...ain't that a great spot for an ambush???? There is an unfilled gap at Naz 1627...a good spot for a trap should there be one... This week must reverse current downtrend or a test of the hysterical panicky Sept 01 lows become more than a distinct possibility ... despite the huge fundamental economic improvements since then... despite a 5.8% GDP for the first quarter of the year... despite a semiconductor book to bill ratio of over one for the first time in over a year and a half ...despite the without precedent historically low fed fund rates...despite improved and improving corporate profits and consumer sentiment.... Time will tell Mo Mo

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