Technology Stocks & Market Talk With Don Wolanchuk Message Board

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

SOXL 48.79

-1.7%

Dec 11 4:00 PM EST

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To: HairBall who wrote (9036)	5/16/2003 11:23:10 AM
From: Kirk ©	Read Replies (1) of 207309

RE: Kirk: Looking at the SMAverages, a 50/200 cross occurred in May of 2002 as well. I would look to see if OB/OS indicators line up in support of that crossing. You might also note that the 5/2002 crossing took place as the price action approached the 9/2000 FRL, which is what is currently occurring as well. I am anticipating a tradable pullback/retrace in here, before the price action moves above that FRL, IMO. Here is a chart investorshub.com I only see it kissing the 200 SMA line, not crossing, on that scale. It does seem like a pullback is in the cards as so many indicators are hitting peaks (BPI, VIX, Sentiment, etc...) but I'd like to hear what da cheif sez short term. what do you mean by "FRL"? I have brain fade here. tanks

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