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

SOXL 31.73

+3.0%

Nov 21 4:00 PM EST

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To: elliottrules who wrote (15590)	5/14/2004 11:25:41 PM
From: Runomo™	Read Replies (1) of 206985

Hi elliottrules, Welcome to SI and to da Cheif thread.... I am not an Elliot expert at all, but I like to ask you this: why can't the Dow be doing ABC correction where C = A rather than C = 1.618A which is more or less where we hammered a bottom this week both on the Dow and the SPX..... Also the NYSE is already at the lower boundary lines of a potential expanding triangle, so should the market retrace a higher fib ratio, the NYSE would need to breakdown from such a formation, wouldn't that be right? TIA, Mo

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