Technology Stocks & Market Talk With Don Wolanchuk Message Board

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

SOXL 38.85

-0.9%

Nov 14 4:00 PM EST

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To: da_cheif™ who wrote (54242)	5/10/2010 1:57:11 PM
From: Kirk ©	Read Replies (2) of 206849

"a C wave can turn on a dime.....this one certainly has....snort" Big gap in the futures at maybe 1105 My early warning clx 10 turns up today which means Fri COULD have been an early start but it often takes a few days to a week to turn up. Longer term CLX30 has yet to turn up... today's projection is next Monday it can bottom then a "safe buy" for the third level of safety in my model, is a week after that. Market may need to test low... which would also fill the gap. I got off a bunch of profit taking when my sell levels hit near the top but NOT A ONE of my buys have triggered. Two buys missed by maybe 12¢ total so my readers might have their buy limits just above mine that are published in a list and that caused the turn for those stocks as the stocks are not as liquid as something like futures by a long shot! Market Tags of 200 dma are rare. We got one but it did not linger... so running down again to try and scare more out would make sense. On weekly pools I almost ALWAYS post "don't know" for market direction. None of my stuff is great at finding tops and only very oversold conditions are fat pitches for buys... which we only get rarely.

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