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

To: da_cheif™ who wrote (68588)	10/12/2011 10:12:32 PM
From: gemx	Read Replies (1) \| Respond to of 206998

If I could officially read the future and knew how the market would react to JP Morgan and Google tomorrow, and the reaction was bad, I'd say that a W2 correction isn't out of the question =)

To: da_cheif™ who wrote (68588)	10/12/2011 10:17:04 PM
From: Runomo™	Read Replies (1) \| Respond to of 206998

one thing about a young trend it gets easily underestimated by both bears and bulls alike........

To: da_cheif™ who wrote (68588)	10/13/2011 7:49:14 AM
From: Turtles_win	1 Recommendation Respond to of 206998

For those of us NOT deep in the hole and trying to decide where to jump on board, the pullback to SP500 1155 makes some sense. Now 1207, so a 4.3% hit. R2K is at 700, and a similar hit would take that to 670 or so. However, because the R2K is more volatile, it would not surprise me if the R2K did not get down to right around 650. So, my plan of re-entering at approx R2K 650 might still work. Might is the word. That would actually make a lot of sense. The R2K levels of 600 and 650 were ceilings and now they are support. Probably 600 is history. Retesting 650 would make a lot of sense. We'll see.