Technology Stocks & Market Talk With Don Wolanchuk Message Board

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

SOXL 60.67

-1.5%

4:00 PM EST

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To: Chip McVickar who wrote (33834)	10/11/2008 11:38:13 AM
From: Runomo™	1 Recommendation Read Replies (3) of 208085

quite frankly i'm surprised by the depth of the naz retracement, 75% of its entire rally off the 2002 crash lows to the 2007 top was hit ON FRIDAY....remember the naz had ALREADY crashed at the dawn of the new millennium losing about 78.4%.....compare this to the dow between 1932 to 1942, only two thirds off the 1932 crash lows to the 1937 rally top got retraced. Dow eventually bottomed five weeks before the battle of Midway in early june 1942 and it was off to da races.....

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