Technology Stocks & Market Talk With Don Wolanchuk Message Board

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

SOXL 36.84

-5.2%

Nov 17 4:00 PM EST

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To: Bull RidaH who wrote (5426)	11/14/2002 7:21:33 AM
From: GROUND ZERO™	Read Replies (1) of 206887

Hey, great to see you here!!! You picture is very close, but I would not use the low made prior to the top, spin the spiral with the center at that July high, but ignore the low made earlier (the earlier low is part of a different spiral pattern already completed), use only the low made after the top, this is the low made this October... then you'll see the support at this level and the vertical will occur further out and higher up... I never use highs and lows made prior to any top or bottom where the center is being placed... but, yes, you have the idea... BTW, when the spiral goes vertical, that's where the market typically tops out or bottoms out, depending on which way you use the spiral... I think it's a great timing device... when used along with da cheif's CLX calculations, it's a winning combination... you may recall I mentioned the spiral at breakfast when you, Rich1, and I met several months ago... GZ

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