Technology Stocks & Market Talk With Don Wolanchuk Message Board

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

SOXL 41.18

-1.3%

Dec 15 4:00 PM EST

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To: GROUND ZERO™ who wrote (376)	1/29/2002 1:49:23 PM
From: Chip McVickar	Read Replies (1) of 207315

The SPX 3 bar pattern is still a weak set of bars. There was a TP trend change at 10:00am The players took the morning news as a fear opportunity and nailed the trend change. Some how this seems like a light tap and a buying opportunity, may wait for the 3:00 crowd. So far the buyers have stayed strong. However, any more serious bad news coming out should close the gap of 1087 on the SPX with it's .382 retrace down from the Sept low.

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