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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk
SOXL 61.55-3.4%4:00 PM EST
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To: robert b furman who wrote (903)2/12/2002 9:06:18 AM
From: Moominoid  Read Replies (1) of 208033
 
yeah all gem-x's counts are based on fibs... mine are based on using other TA methods to call the wave breaks - then I check whether any e-wave rules are violated, revise, iterate etc. On NDX the bottom we hit was 1406. A 50% retrace was 1410. That was a number I watched. We only briefly spiked below it. But on the COMP a neat retrace isn't evident.

I see the final move down as an ending diagonal. That is strong evidence that this move up is the real thing.
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