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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk
SOXL 42.03-3.8%Dec 31 4:00 PM EST
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To: da_cheif™ who wrote (81377)4/12/2013 4:05:27 PM
From: Kirk ©1 Recommendation   of 207534
 
First 3 levels of support

A pull-back to the dotted orange line in chart 1 is a very logical first level of support testing the breakout from above

See charts at my new Seeking Alpha article for today: SPY At Record High And ECRI's WLI Growth Holding In Positive Territory

And the blue line in chart 2 is the next level of support.
1450 is the 38.2 retrace off the last swing low
The 200DMA in chart 1 gets you to that level. That also lines up with the prior high shown in chart 5, a very strong support level.
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