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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk
SOXL 43.71+4.5%Nov 12 4:00 PM EST
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To: da_cheif™ who wrote (761)2/8/2002 12:18:10 AM
From: Chip McVickar  Read Replies (3) of 206824
 
looking at the S&P500 cash daily chart from 1982 gives an interesting view.
The crash of 1987 and the recession 89-90 and the currency crisis of 98 are mear blips on the chart...., compared to the pattern in place today.

since 1998 there's a massive chart formation and very well established.
To be resolved in a couple of years.
Some would call it an obvious head and shoulders -- others an obvious rounded top and a few a range bound basing pattern.

Whatever it is....., it's big.
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