Technology Stocks & Market Talk With Don Wolanchuk Message Board

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

SOXL 35.86

+13.0%

Nov 24 4:00 PM EST

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To: Chip McVickar who wrote (15658)	5/17/2004 2:47:24 PM
From: HairBall	Read Replies (2) of 206998

Chip: Thanks for the effort… I agree with you regarding 83...gg I am a self taught technician so I am beholding to no books. IMO, expanding triangles (megaphones) can be bullish (when ascending) and bearish (when descending), however most quickly drift off into irrelevancy. You really have to do your homework to find one that has enduring influence and even then the lines usually have to be periodically adjusted to keep them in play, such as the case with the NASDAQ Composite megaphone off its 1974 low. See chart below… CAUTION: This chart is a two 19 inch screen capture and is extra wide. My TradeStation COMPX (NASDAQ Composite) Weekly Semi-log Chart marketcents.com Good trading... Regards, LG

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