These are still my thoughts in Tech sector: and the SMH chart I posted was definitely the way to play this sector today (take the gap up for a few bars and short the rally at the 200 or 50 ma)
Now this is not what we got what we got was a gap and small snap and then the 10:00 reversal period blew the techs like AMAT, QLGC, NVLS, KLAC down. The point is 10:00 was reversal period and that's the way I trade.