Technology Stocks & Market Talk With Don Wolanchuk Message Board

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

SOXL 41.75

+8.2%

Dec 19 4:00 PM EST

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To: moorso who wrote (1239)	2/24/2002 7:55:03 PM
From: GROUND ZERO™	Read Replies (1) of 207338

Candlesticks don't talk to me, but it looks like a variation of a good wiggle, and you can see the follow through for a good trade... however, to make this pattern ideal, you'll need to have the second day close lower..... all in all, this pattern is more like it..... also, there is surprising sudden weakness after a few trading days in your chart... this suggests there has been a long term down turn in this stock already or that this pattern is not really at the low of the sell off... if the pattern occurs at the low of the sell off and is a classic pattern, you can rely on a much longer term rally than just a few days as in this example..... GZ

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