Technology Stocks & Market Talk With Don Wolanchuk Message Board

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

SOXL 30.81

-14.3%

Nov 20 4:00 PM EST

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From: Fintas	1/28/2010 8:56:31 PM
	Read Replies (1) of 206958

For those who have an interest. A lyric from a song...it won't be long. Latest bell curve sector avg has em now in the 59.7 range. Soooo 58? 57? 55? Keep in mind this drop began at 74. OR apprx 19% DOWN. Compare that to what the spx shows as a decline or apprx 5.8% and allows one another way to view this sell off. Bpmomentumspx cracked that 20 to the 18.8.SOOOO 16? 14? And add to that, the TEN WEEK bp indicator is at 34..down 10 today and DEEP in the hole.So 32? 30? 28? Throw in a vix that MAYBE running out of gas as it rolls down away from that 30 and that suggests we are closer to an upside rally. Bottom line: all downside suggested numbers are still possible but with each passing day the odds favor the BULLS!

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