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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk
SOXL 63.72+0.4%Jan 22 4:00 PM EST
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To: Rich1 who wrote (890)2/11/2002 9:51:15 PM
From: moorso  Read Replies (2) of 208027
 
My guess den iz dat dat is a zig in da big picture. If Sept 21 wuz da start of a large wave 1 up which ended in December, and if large wave 2 has just ended last fryday, then if we are now in da start of a wave 3 up....well, dats wot I'm thinking. A lot of stock charts have this look about dem to me. I cud be all wet here, and expect to be proven wrong. But I gotta make a forecast on wot I think I have learned and see if it is proven wrong in the days ahead. If the clx 30's support the hypothesis that we are starting wave 3, then it gives me more confidence going forward. So, since I bot a buncha stuff 2/3 of the way down (duh) and am underwater with them, I'll hold tight and assume that prices will blast right past my buy points and make me whole again. I dont do very well trying to day trade...and its way to time consuming. Done better with short term swing tradin, but still have missed out on the big moves up or down. Hopefully now I will ignore these market twitches that the boyz like to do and pick up larger gains. From where I see things tho, I'd be buying dips, particularly this week with expected volatility, and then holding them till early March....BWTFDIK? LOL

mOOrso
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