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

SOXL 53.91

+8.6%

Jan 9 4:00 PM EST

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To: da_cheif™ who wrote (21416)	12/3/2005 12:42:31 AM
From: sammy™ -_-	Read Replies (2) of 207747

r u sure about this... when in the next cycle? suite101.com Did you see the lates from DA BULL..(da Cheif) Correction to prior naz fib calculations, targets to be met and exceeded off the 2nd wave high of july 2000 38.2 retrace is 2323...i have found by observation that fib retraces off of 2nd wave bottoms or tops are usually met with a reaction....beyond 2323 the 50% retrace off that 2nd wave high is 2698.....once that level is exceeded then 3493 the 75% retrace shud be reached rather quickly......off the B wave high of march 2000 the 38.s retrace is 2645...notice its just about where the prior indicated 50% retrace rests....thus once 2323 is taken out 2645 shud come very fast......off the march 2000 hi 3120 is the 50% retrace..... then 4126 is the 75% retrace.....since the advance from the oct 1998 low to the march 2000 high was a clearly defined B wave.....there remains no doubt it was part of an irregular ABC flat correction.....therefore a move to and thru 5000 is assured....... ...all the numbers are initial targets of resistance that should be met with a short term reaction....speaking of fibnocci targets...for those that have the capability.......check out the 78.6 retrace from the oct 1990 low to the march 2000 high......pure geometry.....use a month chart of course.....add in the 38.2 and 50% to the picture.........corrections to the above calculations if any appreciated......tia..oh and btw the naz is banging into its 72 month ma.....of 2226....thru that number may spark the ignition to the prior 50% support/resistance off the 1990 low.....which is at 2727..... - thru the roof, toothemoon, then to Mars, and to the Stars! into the next Dimension... hubblesite.org

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