Technology Stocks & Market Talk With Don Wolanchuk Message Board

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

SOXL 41.73

-3.0%

Nov 7 4:00 PM EST

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To: rimshot who wrote (92210)	8/2/2014 8:34:25 AM
From: Runomo™	1 Recommendation Recommended By Magnatizer Read Replies (2) of 206772

hiya hiker, thank you for the charts from which it is easy to see the extent of the currently undergoing internal correction, it is actually quite amazing the major indexes have not suffered more damage than just a few % points so far....although we did rally some on friday by the close and thus making respectable dojis out of the selloff, breadth unfortunately remained weak. we came less than 60 net advancers to tick up the nyse breadth mco, but it was a small change move and it is buried deep in the hole. The cheif mentioned the boys might be gunning for the 4 year cycle low on this move, and if that is the case there will be more unwinding. personally i thought that the 4 year cycle low might have come in early for the nyse in february, certainly the internal damage supports such an idea for that group of stocks. rotation is what keeps everyone guessing in a bull market. p/c ratios spiked up nicely on friday but again if this is a bigger bottom the moving averages can move higher still. ditto with trin trinq. HAGD my friend.

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