Technology Stocks & Market Talk With Don Wolanchuk Message Board

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

SOXL 61.76

+16.0%

Feb 6 4:00 PM EST

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To: MoneyFriend_2.0 who wrote (43790)	9/5/2009 11:10:52 AM
From: da_cheif™	Read Replies (3) of 208300

the problem is that the recent decline counts best as wave c of an irregular flat to 991......C waves are nasty affairs that turns everything south.....very tricky formation and when i saw ewi.s hochberg fall prey to this the other day i remember the july 1987 irregular flat that got precter real bearish at the time......the market exploded from there.....there have been numerous small irregular flats during the advance from the march low.....a hallmark of these formations has been the short selling and top calling so many times along the way......

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