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

SOXL 41.71

-14.5%

Dec 12 4:00 PM EST

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To: GROUND ZERO™ who wrote (619)	2/5/2002 7:59:11 AM
From: Moominoid	Read Replies (1) of 207311

Using the Edwardss and Magee terminology we have a wedge and an inverted head and shoulders bottom - though the RHS shoulder is a little below the head. Apparently the volume is falling off. From the e-wave persepctive I think the whole thing is a wave 5 which if true would imply that the traditional interpretation (i.e. a move to 2050 at least will happen). In the northern summer of 2001 everyone was looking at a wedge (I was just starting to learn about e-wave). All thsoe e-wavers on CFZ were also talking about the wedge and it failed. e-wave could have told you that it wouldn't work as a wedge because it was in the wrong position. A lot of the e-wave people out there don't seem to really understand much about it and reading all their stuff is why I thought also the method was useless. Still to prove how useful it really is though..... David

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