If you take a look back into Feb., the day before CIEN reported, this Nasdaq did the same thing after going down in previous days. The day before CIEN reported in Feb., the Nasdaq went up, next day, gap up, then the Nasdaq proceeded to lose 1000 points afterwards. This was a manipulative BS rally if I ever saw one, with funds throwing money around. The PPT was at work, IMO.
I'm trying to keep things in perspective, the SOXX is still in a small downtrend, news is bad, and valuations are high.
Some downtrend lines were broke, but we'll see how far this gets. |
