Technology Stocks & Market Talk With Don Wolanchuk Message Board

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

SOXL 44.21

+1.2%

Dec 24 4:00 PM EST

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To: GROUND ZERO™ who wrote (3461)	7/18/2002 1:37:29 PM
From: Chip McVickar	Read Replies (1) of 207451

860.36 is a major number off the S&P500 monthly charts There are no working pitchforks on the monthly cash chart... A lower tine off 1998 high is broken cleanly... charts.barchart.com The chart looks awful with it's broken double bottom... And hints of a head and shoulders... Horizontal support line off 1997 lows 0f 855.27 is significant... All major close fibs are washed out with one exception in 1993.... Remaining: 1998 low.... 923.32 has 1.618 at 534.26 1997 low.... 543.26 has 1.618 at 424.15 1993 low 432.30... projects a 0.618 retrace to 860.36

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