Technology Stocks & Market Talk With Don Wolanchuk Message Board

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

SOXL 30.81

-14.3%

Nov 20 4:00 PM EST

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codfish23

Philip_

To: da_cheif™ who wrote (102976)	1/14/2016 9:01:53 PM
From: robert b furman	2 Recommendations of 206958

Watch da sky, chit I'm lookin at da MOON!! <smile> I'll be expecting a dip in the morning - the boys giving each other some time to get the inventory straight - but they better be quick . Tomorrow is expiration so I always expect swings and churn. We may see several tomorrow. I know how you feel about run away fridays - so I'm more focused on this wave showing us it is impulsive next week. I'll start getting my hopes / beliefs up when we boost up over 2021.27 - the .618 retrace of the C wave down from 2116 high on nov 3 2015. The biggest worry I have is when the boosts from the bottom spotter reversals did not carry to new highs as it was (correctly )described as IT distribution. I think that was a valid description. It would correspond with reversals within a corrective wave. What I want to see is a reversal that leads into a new impulsive wave, then we'll be watchin the sky eh! Bob I still say for that kind of a move we need to see small and mid caps participate. Many big caps have now had declines and are teasing holders with recovery price action - that can also be subtle distribution as we rotate to mid and small caps which will be rationalized as benefiting from the domestic market and not impacted by the strong dollar. That's my humble best guess. Bob Futures down tonight - fits my game plan so far. We see !!

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