Technology Stocks & Market Talk With Don Wolanchuk Message Board

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

SOXL 41.81

-7.0%

Nov 11 4:00 PM EST

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To: Chip McVickar who wrote (5509)	11/15/2002 4:37:18 PM
From: GROUND ZERO™	of 206809

I see what you're talking about but the odds favor a continuation of the bull trend for several reasons... a fully completed buy wiggle is far more reliable than a partially completed sell wiggle... the odds of a full wiggle eventually being completed after only two bars is 85% unlikely... this week was a very positive week for the charts, I think we'll see fireworks to the upside soon enough... also, the daily charts found excellent support along the lower spiral wall as hoped in that congestion area just below the market the past few days, this is indicative of a continuing up trend... the completed weekly buy wiggle today strengthens the case for the bull trend for next week and beyond... GZ

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