KLAC..looks like almost every technology chart yesterday with a bearish hammer and long upper tail. KLAC's is at the 35 area of resistance. Classically KLAC is a typical failure pattern stock and is shortable at 40 and 35..with once again target 30. As we posted on Tuesday, nothing economically has really changed, but every so often we can expect a 'relief rally' Mid-September has lots of earnings warnings so not too much relief expected here.
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