Technology Stocks & Market Talk With Don Wolanchuk Message Board

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

SOXL 44.21

+1.2%

Dec 24 4:00 PM EST

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To: da_cheif™ who wrote (20846)	10/5/2005 10:14:43 PM
From: Moominoid	of 207447

IMHO we are now correcting the run-up from 2002 to 2005.... In the bullish interpretation this is wave 2 of the new bull and started at the beginning of 2005 with us now in the C wave of 2 in the US markets (SPX and NDX) since August 3. Bearish counts vary... from B of B starting at beginning of 2005 to a big C down starting August 3 with 2002-5 being a big B wave. In Europe and Aus there are a clear 5 waves up from the 2002 bottom, supporting the bullish view and meaning wave 2 is just getting started (Aus down 160 points in last two days). In Asia not clear, but looks more bullish. hmmm looks like the weight of evidence is settling towards the bullish long-term view which you have been espousing :) We will see.

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