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: #Breeze who wrote (78890)	1/20/2013 11:47:10 AM
From: Fintas	Read Replies (2) of 206718

Thanks. NICE WORK. Something for you to consider. As I have stated I do many charts by hand. One thing I focus is where did the shorts come in heavy. I will use GE as an example. The day the NO vote for the TARP Ge which had peaked at 29.12 the day before dropped significantly. That gap down has yet to be filled. IT will. There were gaps down under that. I noted them ALL. And as the process has played out if has played a part in the rise of GE. The last area was the 19 area. So too BAC will and has been acting. 11 ish was a spot where they came in heavy and as we now know drove it down to it's lows. They did not succeed in destroying it/breaking it so now we sit and watch them push it up. As they do we saw the first excess to the 10.10 a retrace and then the latest to take it PAST that 11 area to the 12's where here we are again in the retrace. Above that they pushed from that 15 area SO YUP.. your work is spot on. It is WHEN not if. Once that area is done with the process then on to 19. SMILE Thanks again.

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