Technology Stocks & Market Talk With Don Wolanchuk Message Board

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

SOXL 49.65

+3.9%

Dec 10 4:00 PM EST

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To: Runomo™ who wrote (41237)	7/11/2009 11:05:36 AM
From: Runomo™	Read Replies (2) of 207300

here is a 15 year chart of the weekly cumulative nyse a/d line a la SC style stockcharts.com one interesting development recently is the reversion to a bullish configuration on the moving averages unlike the corrective activity of the 1998 to 2000...also the nyad retraced ONLY a third of the entire 2000 - 2007 advance having found support around its 200 weekly ema after double bottoming last march and looks rather poised for a breakout on an IT time frame basis...

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