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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?


To: Rich1 who wrote (893)2/11/2002 10:59:03 PM
From: Chip McVickar  Respond to of 207847
 
SPX cash and futures have a powerful 3 bar configuration, very close to a buy wiggle
SPX has retraced .618 towards the 1/31 high
There's a gap down at 1122 to be closed, which is more then a .382 retrace up towards the high of 1177
That should accomplished by 2/14
The bears will let'em run and then attack the gap at 1122

DJIA has a gap at 9907 which is a 50% retrace off 10300 high
and one higher as well at 9987 which is just below a .618
DJIA has broken up out of diamond pattern and a forks median line is established at 10021.

the 1's are a head fake this time and the aydis rules
There should be a big battle to take control during expiration
Lets see how tough the buyers are after expiration.

don't have clx data going back before 11/99



To: Rich1 who wrote (893)2/12/2002 10:07:54 AM
From: Chip McVickar  Read Replies (1) | Respond to of 207847
 
>>So Chip whatta you think with the one days being overbought do we pullback and then go higher...<<

Looks like you're here in the morning session