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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk
SOXL 46.83+9.4%Nov 5 4:00 PM EST
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To: My 2 Cents Worth who wrote (206477)10/18/2025 12:00:03 PM
From: #Breeze2 Recommendations

Recommended By
My 2 Cents Worth
toccodolce

   of 206745
 
M2W, here's a POET Update. I don't own this stock so I don't monitor the wave count daily. I'm posting a weekly chart to point out where the wave count could get invalidated.

Firstly, when Wave (ii) was complete I projected Wave (iii) target at 11.98. But as I've noted the sub-waves of Wave (iii) will determine its actual price.

The current decline cannot be a Wave (iv) as I posit was in play in my last update. Why? because prices have declined below Wave (i).

So to keep this count alive the current decline would be a Wave iv of Wave (iii). But if prices decline below 6.69 then that count would be invalidated as prices would have declined below Wave i of Wave (iii). If that occurs then a new count off the Minute Wave (circle) ii April low would need to be labeled. Crack open the EWP book and see if you can come up with that alternative count should that occur. Got it?

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