Technology Stocks & Market Talk With Don Wolanchuk Message Board

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

SOXL 47.39

-4.0%

Oct 30 4:00 PM EDT

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To: Runomo™ who wrote (14096)	3/18/2004 2:41:03 PM
From: robert b furman	Read Replies (1) of 206692

Hi Mo, Once again great chart. Notice how the entire last wave down,occurred on a rising Relative strength. If I was short,I'd be thinking now would be a great time to cover. I believe short covering and some dip buying is what that positive divergence is subtley showing. Maybe a little more anemic sideways action and time for a confirmation rally. Time to cough up a fur ball from Afghanistan named Osama - just as earnigs come out,followed by a little positve employment?? It looks like a good setup to me. BWDIK Bob

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