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


To: Runomo™ who wrote (22489)3/5/2006 2:33:42 PM
From: catflu2™  Read Replies (1) | Respond to of 207338
 
always buy number two...



To: Runomo™ who wrote (22489)3/10/2006 12:21:01 PM
From: Chip McVickar  Respond to of 207338
 
Hi Mo,

Thank You for making that observation about AMD...!!!
Nice to be Right...!!!

AMD Weekly Chart
stockcharts.com[h,a]waoaniay[pf][vc60][ilb14!lc20!lf!lh14,3!la8,21,5][J31157313,Y]&pref=G

Notice the extension of the RSI
Notice the last correction -- Oct '05
Notice the Fib extension is met

Window for change opened right on last week
Blue pitchfork median line is broken
Red pichfork median line is active

My take is the parabolic nature of the run needs correcting... with the timing being right it appears on-going.
With the decline extent unknown... it could be as simple as the 0.326 at 35.946... which would be in keeping with the last correction...!

A players plans for exit... should be in place.



To: Runomo™ who wrote (22489)3/10/2006 1:21:58 PM
From: Chip McVickar  Read Replies (2) | Respond to of 207338
 
Mo,

"how dare you pen a boolish post when there is so much to worry about these days, argh..."

<smile>
Yup, maybe they just want'ta keep us all worry'n about it...!!!

To be honest, and to tell you the truth, I'm not very comfortable with the stock markets today. Can't put my finger on what's bugg'n me...!!!

In any case, until I figure it out... I've added on with these recent bottoming signals and remain long from 2003.

INDU Daily
stockcharts.com[h,a]daoannay[dd][pf][ilb14!lc20!lf!lh14,3!la8,21,6][J38070284,Y]&pref=G

The internal indicators that I've developed are calling for a bottoming activity within the DJIA and S&P... and they are rarely wrong... in fact if anyones kept track of my posts for bottoms they'll find that to be true.

However, time is still in effect and by the end of March what's bugg'n me should become evident.

If not this range under 1300 for the last 9 weeks may well be the bears best chance... as we'll look forward to the higher fibs.
Lotta folks who didn't get out the last time we saw 1300 have gotta be think'n real hard if'n they held on all the way down... especially with all the news out these days... almost as if no ones ever seen rising rates, or big deficeits, or 'whatever'...

S&P Weekly
stockcharts.com[h,a]waoannay[d19981130,20061130][pb33!b50!b72!b150!b200!f][ilb6!lb12!ld20][J40454326,Y]&pref=G