Technology Stocks & Market Talk With Don Wolanchuk Message Board

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

SOXL 34.35

-6.8%

4:00 PM EST

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To: #Breeze who wrote (194539)	10/28/2023 11:54:46 AM
From: robert b furman	1 Recommendation Recommended By da_cheif™ Read Replies (1) of 206891

Good Morning Breeze, Looks like the 55 was only that negative going all the way back to late July of 2022. That was a final dip down, that did not reach new lows that were put in yhe month before in late June. That makes sense in that C waves should run out of selling and then truncate when market makers tire of accumulating discounted shares and begin the price mark up stage for the next month's paycheck. On strong reversals that 55 lags a bit as it is constructed out of more days of the preceding decline. Nice addition to your chart. Thanks for the update. The many minds of SI at work again! Bob

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