Technology Stocks & Market Talk With Don Wolanchuk Message Board

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

SOXL 41.28

+5.3%

Nov 28 4:00 PM EST

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To: GROUND ZERO™ who wrote (15911)	5/21/2004 6:40:52 PM
From: Kirk ©	Read Replies (1) of 207068

You bettin against all those put buyers? Check out the graphs I put up of the put/call 10DMA vs various bottoms... and the top here suite101.com I'm not sure ifn this is wave structure, but I've noticed that declines seem to take the form of 1-2-3-dump where you get a peak, three counter trend rallies that fail and go lower, then a final "dump" that can consume 50% of the total decline. It seems this correction has had the 1-2-3-dump, then a dead cat bounce and we are now attempting to climb out as they keep buying puts... you clearly see this in the 2nd graph of the 4 on that link. Kirk

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