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Strategies & Market Trends : Classic TA Workplace

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To: jjstingray who wrote (91788)2/18/2004 11:01:51 PM
From: Shack  Read Replies (2) of 209892
 
The SMH seems to be forming quite the wedge here, pretty much since last fall. This is of course bearish but last summer we hounded up out of one which proved to be a very valuable clue.

Anyway it still looks like it has a few weeks of up before it completes as we would be in the 'v' up. This 5th wave ending diagonal would likely signal the end of the cyclical bull in the semis. Something to watch for sure.
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