Technology Stocks & Market Talk With Don Wolanchuk Message Board

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

SOXL 43.75

+4.6%

Nov 12 4:00 PM EST

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To: da_cheif™ who wrote (17999)	9/14/2004 8:33:11 AM
From: HairBall	Read Replies (1) of 206820

Don: On IHub after identifying the bottom of this move down within one day, per my work I speculated it would be a significant bottom more than a swing in the current downtrend. In mid August I speculated that we would see the right shoulder of inverse head and should patterns formed in many of the indices and we did. Here is the one that formed on the SP December Emini daily chart. My MTF Daily Models suggest a pullback is nearing if not underway. I would closely watch the neckline to see if it holds support. If so, the next move should extend the current rally. We shall see... My TradesStation SP December Emini Daily Semi-log Chart marketcents.com Regards, LG

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