> I've got a range breakout on the SP 500 which measures up to
> the 1150 level. Given the massive level of shorts and short
> side psychology in this market it wouldnt surprise me
> whatsoever to tag that target.
yah, i suppose. at this point, no amount of lunacy will surprise me. but me, i just scalp em.
> the semi's trade like schools of fish...pretty much they
> travel/trade in a similar fashion barring company specific
> news.
well, not quite true. the pmcs/mxim/rfmd group for example has been flat or slightly down for the last week. the nvls/brks group did a moonshot.
but the observation was more specific: e.g. the 5 min charts track each other precisely, percent by percent. we'll see tomorrow how company specific info affects the pmcs/mxim pair. (pmcs downgrade didn't really, so we'll see if mxim warning does).
