Technology Stocks & Market Talk With Don Wolanchuk Message Board

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

SOXL 30.81

-14.3%

Nov 20 4:00 PM EST

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To: da_cheif™ who started this subject	3/12/2004 12:40:24 AM
From: da_cheif™	Read Replies (2) of 206958

looks like 10k to 9775 is the target...and any friday decline of substance shud set up a mon tues panic low.......all third wave blastoffs are preceded by 2nd waves...and 2nd waves by their nature are compellingly ugly and ugly enuf to cast doubt on any bullish idea that one may have......IFR ratings are a must....snort...friday sayw the dows 5 day rsi close under 10...a rare event and rarely does it stay under 10 for more than a day....the nas reached its rising 30 wk MA....any move lower wud suggest that the 200 day ma at the 1875 level will be reached...this is indeed ugin fugly....snort....the big positive so far is the wave structue of the naz decline...clearly corrective..unless of course is iznt.....sigh

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