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To: ajtj99 who wrote (122979)8/16/2005 8:04:57 PM
From: Shack  Respond to of 209892
 
I too feel that the top ain't in there. However I do have a line in the sand at INTC 25.50 before I will get bearish on the semis.

First thing I need to see is if the declining wedge off the Aug 2 SMH high is "real". The structure of said decline has been particularly choppy on the daily, and unless it accelerates I expect a reversal toute de suite.