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


To: GROUND ZERO™ who wrote (15561)5/14/2004 2:19:07 PM
From: Chip McVickar  Read Replies (1) | Respond to of 207177
 
3 Thoughts

All the internal stuff I keep up with plus the CLX....
Are matching and showing the same characteristics as the declines into the lows of 2002-3....
They have all bottomed and reversed in the last few days.
In any case the sell-off numbers don't match the internal declines

Markets off 2004 highs:
SPX is down 87 points
DJIA is down 901 points
Peanuts... an indication the selling pressure is being quietly matched...

This spring time period is a capture your profits for big money managers and that's about over...

These last 3 bars are the best looking of the last 3 months and I suggest a sustained buying opportunity has arrived...
Break this cluster and we'll see 7000 again.