Technology Stocks & Market Talk With Don Wolanchuk Message Board

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

SOXL 48.79

-1.7%

Dec 11 4:00 PM EST

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To: Moominoid who wrote (621)	2/5/2002 8:06:08 AM
From: robert b furman	Read Replies (2) of 207308

Hi David, yup - I agree. That 5th wave down is going to be scary and I think related to the Enron /banking ramifications.Lets face it we've got a which hunt going on and that is not conducive to investors jumping in. We need a purge and then reaffirmance.That's going to take time.It looks to me like your wave 4 will be a mini and wave 5 could be ugly at worst or at least a long expanded flat.I'm thinking this Enron stuff has to shake out and that has a time requirement - if other/more corporate deception surfaces - we've got much more than a wave 5 comin. I'm not expecting that,but the news won't let go of Enron.The public needs a lynching before they sleep well at night! Perhaps my living in Houston over emphasizes things.BWDIK Bob Long term very bullish - question is how long. The failed rally of 98 set up the buying opportunity of a life time on Oct 8 1998.It only took a quarter to occur,by then earnings were set up for good fundamentals and technicals to align for real upward progress. There is very little leadership making new highs - might be rounded top or rounded bottom.I'm open for all possibilities. Bob

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