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

To: Michael Watkins who wrote (15898)	5/25/2004 11:44:10 AM
From: Chip McVickar	Read Replies (2) \| Respond to of 207093

All the Internal Pressure stuff I've developed suggests the DJIA had reached a point of a solid oversold condition some days ago.... Plus the time cycles and forward timimg was in place. And furthermore, over these last few days these studies are showing signs of quiet improvement and coming off the base of that oversold environment. I'd held onto these position longs throughout this decline and into this time period, because I'm expecting a solid rise out of here.... However, these improving internal conditions have not translated into a dynamic price move in this time slot..... and this cannot be ignored. May 24th was 55 days - off the HIGH on March 5 of 1163.23 May 12th was 34 days - off the LOW on April 6th of 1150.63 The Large flat constriction is a series of lower lows and lower highs... it can go on as long as it wants... but the lower blue fork tine is important and theirs a Forward Time Projection for Wed or Thursday for Trend change. stockcharts.com[h,a]daoaynay[dc][pf][J25916512,Y]&pref=G