Technology Stocks & Market Talk With Don Wolanchuk Message Board

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

SOXL 55.41

-1.2%

Jan 14 4:00 PM EST

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To: sandeep who wrote (2488)	5/6/2002 12:18:38 AM
From: da_cheif™	Read Replies (1) of 207796

durin the days just before expiration deception is the by word...for instance...the weekly ad line of the ny comp closed at a historic hi this week....and if you hadnt noticed over the years.....in a bull market the marjority of fridays are down days.....gets 3 days of fear for the price of one....that is why even tho the value line arith is near historic hi.s along with breadth figures.....sentiment even after 2000 pts up in the dow is in fabulous shap...consensus inc 22% bulls...timer digest 10 percent bulls...market vane 22 percent bulls// arms index in benchmark historic oversold territory....never seen any thing like this cept at another major bottom...all this and the major idexes never took out the 98 lows....in my book thats called a successful retest....and the sept 21 bottom was classic...blood in the streets bottom chit

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