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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 (119124)7/22/2018 8:02:40 PM
From: Robohogs  Read Replies (1) | Respond to of 207188
 
We are getting a bit OB without making progress on big cap non tech indexes. I am always worried I am wrong anyway. I see 40 to 80 points of SPX downside. I also think FANG loooks parabolic. I do not like like the xbi vs ibb action either - it is needed. It was due. But it argues value might lead. Oils. Trannies. Other energy. Some retail (main leaders ex fang anyway). Bio growth has been dead for months here.

Until proven wrong, we are in a range from Feb. We used too much fuel to get to top. The big question is how much rest is needed. I think 1/4 to 1/8 of a tank. Others think more. Some think none.

Jon



To: da_cheif™ who wrote (119124)7/22/2018 8:21:23 PM
From: TigerPaw1 Recommendation

Recommended By
longz

  Read Replies (1) | Respond to of 207188
 
I always worry,

But I must say. The market has been going nowhere for months, but my portfolio has been slowly but steadily rising. I take this as a sign that the stocks I own are being accumulated during the day, but then the averages as a whole revert to their norms by closing.


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