S&P 500 & Nasdaq Analysis and Trends

[Myself °¿°]

This is when I started looking at the chip slide note the date of these detailed post...
wished I played it better/sooner/BETTER
2/22/2004 #msg-2433063 On the Semiconductor Holders (SMH) side…
3/7/2004 #msg-2542513 On the Semiconductor Holders (SMH) side up-date...
4/28/2004 #msg-2960806SMH fib 38.3% retrace from Oct. 02 low = 35.00 + / - and I was looking at the Oct 03 gap at 36

http://www.AsfarAs300ma…AnyTicker301daysOldHasOne.VBG.com

http://www.IseemToFindThemWhetherIwant2orNot.SoILookForThem.com

You said
I am starting to think that SMH will come up to test the 200 day MA ($40 level) before going down any further.
That is quite possible

I think I will go QQQ calls on the next jump... but I want a pullback 1st... spread is tighter, more liquid,1 dollar strike increments. Etc
I hope to do some SMH OTM leaps later after the Implied volatility comes down a bit…currently 35-37%
SMH - 6 Months




QQQ - 6 Months



You said
It always retraces 50% of any big move

That’s a relative statement is it not-g-…Do you do fib/fib fans charts?
So… You never did say what SMH Put strikes you bought/when & $ -g-