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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk
SOXL 68.01+7.4%4:00 PM EST

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From: humble19/4/2009 6:12:03 PM
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here's a picture of the H1 runner (i stole it):

evilspeculator.com

and here some cool structural analysis:

1. it started at 1018 on 8/7 and finished at 992 on 9/2. the difference is 26 points and the total pattern took 26 days: a Time = Price. 26 is a double of fibo 13.

2. the top of wave B was at 1039, fibo 21 from 1018. the wave A low was at 979, fibo 13 from the wave C low at 992.

3. the wave C low of 992 was a lucas/fibo 123 points from 869.

you can use this information to project a completion date for the next wae up.

comments?
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