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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 (10632)8/27/2003 10:20:37 PM
From: da_cheif™  Read Replies (2) | Respond to of 207300
 
lookit the weekly chart of the nyse relative to its 50% support retracement off the high of march2002.....its in a 2 month sideways pattern on top of its 50% support and looks redy to explode up



To: Chip McVickar who wrote (10632)9/1/2003 1:04:32 PM
From: Runomo™  Read Replies (1) | Respond to of 207300
 
Chip...

Yes, da Sox coil is unwinding very nicely...

SPX negated potential sell wiggles as a result of this week action:http://stockcharts.com/def/servlet/SC.web?c=$spx,uu[l,a]dahaynay[p]&pref=G

Hints came from the weekly charts three weeks ago when the SPX reversed with a weekly hammer candlestick as the BB narrowed marking the initial false move: siliconinvestor.com

and after a follow through week, we have last week's positive action overcoming the previous week "cherry bomb" candlestick which is always a mark of a strong market...The weekly picture shows simply a flag in an uptrend ready to resolve to the upside imo...

Mo