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

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4:00 PM EST

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To: Chip McVickar who wrote (13740)	3/3/2004 12:41:21 AM
From: Runomo™	Read Replies (1) of 207680

Chip, I don't trust teewzer candles in a strongly trending market like the market we are in as more often than not these candles resolve in favor of the prevailing trend after a minor bump...in the case of the dow and spx the tweezer weekly candle was followed by a doji/hammer weekly candle last week which takes us back to square one. With regard to the NDX and Naz five day buy wiggle, they are different from the dow's in the sense that the fourth day was down(a true wiggle) after taking out the highs of the previous day. Mo

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