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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk
SOXL 49.65-5.0%Jan 8 4:00 PM EST

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To: da_cheif™ who wrote (20846)10/5/2005 5:28:52 PM
From: robert b furman   of 207682
 
Hi Chief,

So we have an anemic pop dip to 1180 and flatline til Earnings come out and that is going back to the support areas we had back on July 7th.

Sounds to me like we should watch the SOX and buy semis on the dip (if SOX gives us a good relative strength vs the SPOO).

It is a whole week till next wednesday - that can be a long scary time as the boys set up their larceny.

Russell was a dropped rock today,Mid Cap 400 has a better RS.

This bull has a life I think its time to drop the housing stocks and hopefully we'll see some weakness in the oil complex as well.

All good bulls have rotation - let's hope we see that.

Bob
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