Technology Stocks & Market Talk With Don Wolanchuk Message Board

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

SOXL 31.69

+2.9%

Nov 21 4:00 PM EST

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the traveler

To: the traveler who wrote (133026)	3/8/2020 8:07:00 PM
From: robert b furman	1 Recommendation of 206968

HI T, I think the low went in on the 25th , the rsi on an hourly basis on 3:00 @ 12.2305 on a 6 day (5.3409) and 12 day(14.8549) the rsi's lows both went in on the 28th. There has been a rotation in stocks since then, but those RSI's have never looked back. Not uncommon for a double bottom, but clx and 2cs studies both say strength is gaining and a reversal is imminent. imo The big fear factor that has built up in the market is corona virus. We ARE NOW LEARNING IT IS MILD BUT VERY CONTAGIOUS(ESPECIALLY WHEN A PERSON DOES NOT KNOW THEY ARE INFECTED AND YET VERY CONTAGIOUS). This too shall pass. It is not worth losing your positions, in a very strong economy - which will be bolstered by free money and a bond market yield NO ONE should be putting their money in. Bob

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