Technology Stocks & Market Talk With Don Wolanchuk Message Board

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

SOXL 42.80

-11.9%

4:00 PM EST

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To: Jerry Olson who wrote (28013)	9/27/2007 9:32:22 AM
From: Teaparty	Read Replies (1) of 206730

EW wise..this is what I see.. Since OEX is leading spx... that's what I'm watching. C=A target is at 717.94, slightly above last wed. high and could finish the 5th. Finishing wave 1 or a B wave is the question and we'll have to wait for that answer. Since I still believe in us finishing a C wave of an expanded flat at the bottom....I have to lean wave 1 of an ED at this point. A double top here is quite possible too since we are so close. FWIW I have a DT line off the top on ES coming in at 1548 today. I might add..if we bust through 747 oex...it's a leading diagonal and we would be off to test all time highs near 840. The big drop I show on here is only a 4th wave correction of a larger degree...but not interested in that at the mo. stockcharts.com

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