Technology Stocks & Market Talk With Don Wolanchuk Message Board

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

SOXL 41.73

-3.0%

4:00 PM EST

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To: GROUND ZERO™ who wrote (5081)	11/1/2002 12:12:02 PM
From: Chip McVickar	Read Replies (1) of 206760

Internals of the ARMs Index show weakness and flat congested activity. Net diff of volumes and NH/NL are negative, with Net diff of Issues positive. 25day sum bottomed on Wed Oct 9th in oversold conditions, but has yet to break through "0" with a -566 number on tuesday 29th. With elections and Greenspan next week and some gaps lower down for the bears to close the odds are 50/50, but I'm long from 802.75 and expecting higher prices after Democrates pick up more seats. Astro has the field clear until early January 03 and then a new set of heavy problems coming along.

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