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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk
SOXL 53.19-13.1%Feb 4 4:00 PM EST

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To: sandeep who wrote (5989)12/12/2002 9:49:20 PM
From: Chip McVickar  Read Replies (1) of 208235
 
sandeep,

>>do you mean 955 on the spx<<

Lower at the shoulder around 935 is a fork median line.

IMO the snp price action of the last 5-6 days is a small coil, complete with a wedge.
Direction is about to be resolved.

My technical stuff like geometeric time lines, forward time projections, spirals, forks... all target the end of this week as resolution.

Market may break and close the gap near 885 or move towards 920-935
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