Technology Stocks & Market Talk With Don Wolanchuk Message Board

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

SOXL 41.18

-1.3%

Dec 15 4:00 PM EST

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To: Chip McVickar who wrote (14243)	3/23/2004 5:31:18 PM
From: robert b furman	Read Replies (3) of 207315

Day two of a possible BUY Wiggle came in pretty on: Cohu siliconinvestor.com KLAC siliconinvestor.com Msft (on my scottrade dat but not on SI) siliconinvestor.com Then again many stocks just continued the down trend. If tomorrow opens weak - I'll be watching for a nice short squeeze reversal here. Chip's 25 day cum going negative is an ominous sign of just how close to the abyss we are. This is another brick in the wall for what is shaping up to be a scary shakeout that has all the signs of a major market Failed Rally. I'm still thinking this is a setup for good earnings to spark sharp reversals. I heard today Palm narrowed it expected loss by a surprising amount - wonder how the market treated that news? Not sure what their symbol is - but as the very early earnings come out it will give us a clue how Mr Market will reward the winners of profit. Bob I've always felt that major market shakeouts aren't worth their salt unless they violate resistance for usually thre days - two of which are partial days . GULP

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