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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk
SOXL 41.31+0.1%Dec 1 4:00 PM EST
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From: Joe Wheeler11/16/2019 5:10:38 PM
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Back in 1995 the price action broke out above the center dashed midline for the first time which began the acceleration phase or parabolic run into the 2000 top. Looking at the current price action you can see the red consolation pattern that has been forming just below the center dashed mid line for over a year now. Is it possible we could see an acceleration phase to the top rail of the major uptrend channel before our current secular bull market runs it course? That one year red trading range with the price action currently breaking out is strongly suggesting the center dashed mid line is going to give way.

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