Technology Stocks & Market Talk With Don Wolanchuk Message Board

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

SOXL 49.65

+3.9%

Dec 10 4:00 PM EST

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To: Chip McVickar who wrote (10632)	9/1/2003 1:04:32 PM
From: Runomo™	Read Replies (1) of 207304

Chip... Yes, da Sox coil is unwinding very nicely... SPX negated potential sell wiggles as a result of this week action:http://stockcharts.com/def/servlet/SC.web?c=$spx,uu[l,a]dahaynay[p]&pref=G Hints came from the weekly charts three weeks ago when the SPX reversed with a weekly hammer candlestick as the BB narrowed marking the initial false move: siliconinvestor.com and after a follow through week, we have last week's positive action overcoming the previous week "cherry bomb" candlestick which is always a mark of a strong market...The weekly picture shows simply a flag in an uptrend ready to resolve to the upside imo... Mo

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