Technology Stocks & Market Talk With Don Wolanchuk Message Board

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

SOXL 39.19

+8.3%

Nov 26 4:00 PM EST

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To: Runomo™ who wrote (14890)	4/17/2004 9:46:42 AM
From: dvdw©	Read Replies (3) of 207052

Excellent observations once again Run. You said; "The open question on Tuesday was will this correction finally take price down with it or is it yet another internal correction with a positive price divergence like the one we had from 6/03 to 8/03 which took the NYSE summation from extreme overbot back close to it's zero line:" By Tuesday The internals were manuevering toward Max pain where options were at stake. I've gotten to the point where this period of the month 11 days Wends pre options to Wends Post options are cast offs to the machine. There doesnt seem to be any context other than options recalibration, protect the trades inner working from payouts. I like stocks without options best because they force those working Mr Markets system to take on added risk, that means added cost. This was a breakthrough period for me. I've recently discovered that characterizing the Systems Intent is of primary importance to building stock time lines which are weighted equally to the underlying fact of supply and demand, and their ability to respond with the systems goals or trend. The 7000 hedge funds working the private wealth business produces effects....the regular fund industry,envious, seems to have gone to ground, with managers finding its better to be the tail of the dog than the head where original thought might be used to perform better than an INDEX. Its the lowering of standards, that sickens me. Me thinks that the program trading now at 50% is the lead dog in the sledge team and all those lined up behind that dog fall into some class or rank where performance metrics are left to maintaining the rhythm of that dogs place in line. Yet, there is hope, and it springs eternal because there are also those who are disconnecting from the system and are out there working on new tactics, tactics which recognize the systems flaws, and are constructing methods of operations which optimize our coexistance with this system. Best to everyone on this Spring weekend.

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