Technology Stocks & Market Talk With Don Wolanchuk Message Board

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

SOXL 41.75

+8.2%

Dec 19 4:00 PM EST

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To: Kirk © who wrote (76345)	9/19/2012 3:33:41 PM
From: Joseph Silent	1 Recommendation Read Replies (2) of 207359

Some "channels", FWIW. This comes from geometry and not from traditional channel drawing ...... I used p-gons that may end up being rhombuses for all I know. Time and again the different structures and touch points surprise me. I've deleted most of the confusing lines and left only what may give clues without a busy picture. 1. The main channel is the one between the dashed white lines. I've been looking at the lower dashed white line since July. It comes from a set of intersections in the underlying structure. 2. The bold white line is a kind of backbone for the pattern from the 1202 low. 3. The red lines are intersection lines, much like the white lines. 5. The green channel is a "maybe" channel, related to the right hand side of the structure. Seems too steep to me. But what do I know. I think we may deal with the three white lines for a bit. Time will tell. If we close above 1465 soon I think 1490-1500 is the next stop. /J

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