Semiconductors, charts rarely lie.
Mike - keep posting, your right on the money. We are seeing inflation take off, what can stop it, who knows. Will this all end badly, in that I have little doubt. Remember in a fiat world these guys can create anything out of thin air - and now they do not even have to show it. THAT IS THE POINT!
The question we all need to ask, WHAT WILL STOP IT? My answer - an event. ME related, natural disaster, hedge fund blowup (LTCM x's 50 or 100!, the leverage is insane now)..........we shall see.
When the charts show serious breakdown and that did happen back in May/June till they stopped it - nothing matters.
This is one bullish looking chart! Breakdown below 460 we talk about bearishness.........TRADE WHAT YOU SEE!
One must have a hedged portfolio. Long, short, gold, foreign currency, energy, cash, bonds.
West |
