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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 (10729)	9/3/2003 9:57:05 PM
From: Runomo™	Read Replies (1) \| Respond to of 207304

<<The coil is unwindng, but must get over this forks red median line off the 912 low to be considered a breakout.. IMO>> Hello Chip and thanks for the charts... Interesting how this forks perspective differs slightly from "traditional" TA.....from a "dummies" TA point of view, the first note is the volume explosion the last two days....it's not only a sign that probably some of that record high short interest is beginning to unwind finally, but a confirmation sign of a breakout from a flag consolidation pattern as well...and since last year's decline from March was almost parabolic in nature, I am looking for similar though not quite as quick action to the upside...the value line and the XAX and the BKX did it...the Russell and the SPX 600 are doing it...and thus I am expecting the SPX, DOW, NAZ, NDX, SOX to follow those same happy trails...best, Mo