Technology Stocks & Market Talk With Don Wolanchuk Message Board

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

SOXL 60.74

+4.6%

Jan 16 4:00 PM EST

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To: Bull RidaH who wrote (6813)	1/16/2003 11:10:04 AM
From: Chip McVickar	Read Replies (1) of 207865

Hello David.... Nice to hear from you.....! Thanks for whale call.....! 2:40 am.... Geezum.... you must've just gotten back from the club scene.... <smile> Only a sell wiggle will bring you out to post..... stick around...! Yes..., the sell wiggle it's also in the DOW... Time forward says buy... Price says sell...? Stops are in place... 15th had a lot of time projection concentration... astro, fib, (don's cycles).... and pitchforks have a TP at the open, another at 1:50pm... so this concentration of daily time factors points to a trend reversal and higher market, so this may break the 3 day wiggle chart patterns...? When these wiggles get taken, they reverse with solid gains. Options expiration adds another element.... Close above 931.66 2nd day close and the wiggle is broken. Looking at the cash market, I don't chart the contract, to much noise, the whole 8 now 9 bar consolidation pattern is very interesting. The pressure to close the 2 gaps around 908-9 has been played off with buyers... and this I take as positive. I like the Time Factor here more then the Price Signal...

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