Jay, I think I posted that despite seeing a rally in the Naz starting sometime here, I expect the sox, however to retest the lows set either Jan3rd or Dec 20th, that is a little way from here. Note, however, that INTC made a new low today. I am not sure that the $25 number on AMAT will be realized, but on the other hand, once it breaches $44, it could drop extremely rapidly. Quite possible, however that we have hit the bottom here, if that is the case, we should see the next BTB at or above .83, I doubt we will see that.
Zeev |
