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

To: Chip McVickar who wrote (9109)	5/20/2003 12:22:25 PM
From: Chip McVickar	Read Replies (1) \| Respond to of 207310

ARMAGEDDON just around the corner Anyone care to refute these monthly charts.....? S&P500 Monthly H&Sh stockcharts.com[p,a]mahannay[d19900101,20030520][pf][J12791431,Y]&pref=G

To: Chip McVickar who wrote (9109)	5/20/2003 10:10:29 PM
From: j42231	Read Replies (1) \| Respond to of 207310

Chip-- I'm really comfortable with the the bear paws here... Hopefully it will revitalize the bull case in the near future. If it does not right away--if the first impulse waves off the March lows are overlapped--then it is likely just a matter of a longer time frame to renew the advance. But I truly sense that this is the last decline--whether short term or intermediate--and that the shift is occurring to higher lows and higher highs. I am watching the daily trading range in the Dow established last July between 8723.37 and 7966.72. We stalled again slightly above that resistance--and that TR has been in effect for an exordinately long time--almost one year. It's resolution, I think will best be monitored by the CLX--CLXPP and the MSI summation index as it corrects back to the zeroline. If prices can move higher as this takes place--if there is other evidence of further accumulation--then the potential for an imminent upside explosion is further increased. Time for a little market nap. After a small sacrifice to the market gods last week--I am putting the 'do not disturb' sign on the doorknob for the rest of my portfolio. Shhh!...........(g)