Technology Stocks & Market Talk With Don Wolanchuk Message Board

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

SOXL 42.02

-3.8%

4:00 PM EST

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To: athbo who wrote (82288)	5/25/2013 12:28:39 PM
From: Fintas	Read Replies (1) of 207520

GOLD..which way does it go? Up or down. A pnf chart will show a wedge. Which way will it break? Will it be 1480-1540? or will it be 1334/1220? Regardless 1556 is the number I watch.. Here and now I'd be leaning we go up towards or to 1480/1512 for the yellow stuff. Until that 1556 is hit though. 1334-1220 remain as a possible. All to say have fun trading it. Just don't go all in for the 3000 until it's near term is resolved. Unless one doesn't mind sizing in lower. It takes time to work thru technical damage. I don't see this one being any different given the fast and furious collapse to the 1335 area. The bounce off lows were expected. Here and now after weeks we will soon see if those bounces and retraces are real. Push it to 1556 and I'm a believer. UNTIL. ZZZZZ I can see other places to get the oooomph that a 10% move at this moment in a commodity or index can provide. ALL...IMHO Fintas

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