SMH: island reversal? if low today is above 34.73 NVLS KLAC: 50d have turned up. BRCM: closed near open Mon and left long tail. Warming up to tech starting with IBM??? not a bad thing. If 1st SMH dip holds above 34.73 I will be buying [starting to spend my Aug allotment of cash]. SEMI initiates sell rating on MER...... Business model archaic