Technology Stocks & Market Talk With Don Wolanchuk Message Board

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

SOXL 38.58

+7.1%

Dec 18 4:00 PM EST

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From: CharlieChina	7/20/2007 8:36:32 AM
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Fri, Jul 20/07 @ 8:30am Today's closing marks the end of another chapter in the volatile nature of monthly option expiration days. Support and resistance lines in chart 1 have been updated to reflect the current mood of the market. Support: 13,823 and Resistance: 14,021. The Architects/Operators should launch the climb of a major 3-year parabolic ascent to the pinnacle peak of Dow 20,000 to 25,000 starting next week; as in all elements in life, we begin with another 300 to 400 points rise commencing on Monday, Tuesday or Wednesday of next week. This 300 to 400 point progression should take about 4 to 6 weeks or less. We will be updating the Zenit website, NYMT Fund, at the close of today. Have a wonderful weekend.

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