Technology Stocks & Market Talk With Don Wolanchuk Message Board

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

SOXL 46.51

+3.0%

Dec 5 4:00 PM EST

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To: da_cheif™ who wrote (119124)	7/22/2018 8:02:40 PM
From: Robohogs	Read Replies (1) of 207213

We are getting a bit OB without making progress on big cap non tech indexes. I am always worried I am wrong anyway. I see 40 to 80 points of SPX downside. I also think FANG loooks parabolic. I do not like like the xbi vs ibb action either - it is needed. It was due. But it argues value might lead. Oils. Trannies. Other energy. Some retail (main leaders ex fang anyway). Bio growth has been dead for months here. Until proven wrong, we are in a range from Feb. We used too much fuel to get to top. The big question is how much rest is needed. I think 1/4 to 1/8 of a tank. Others think more. Some think none. Jon

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