Technology Stocks & Market Talk With Don Wolanchuk Message Board

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

SOXL 31.69

+2.9%

Nov 21 4:00 PM EST

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To: Runomo™ who wrote (39794)	4/2/2009 8:54:34 AM
From: robert b furman	Read Replies (1) of 206966

Hi bro, Note to file: Do not respond to Mo on April 1.<smile> Looks like support for VIX @ 50 day is now resistance.Yesterday closed well below the 50 sma. stockcharts.com It has been A BEAR since last October but new lows just can't get cooked up anymore - another sign this bear is long in the claw: stockcharts.com New leadership per IBD industry groups: stockcharts.com With yesterdays reversal perhaps we have back tested a breakout and we'll have a higher higher with a higher low and rotation - which is always the essence of a bull market. Bob If todays open holds we may just see a co;;apse in VIX !! That would be a huge sign that this bear is dead. Many positive divergences out there!!

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