SMH report smh surprised me when it exceeded 3% today and closed up 4%. Not one issue in sox is in the red, even mrvl was up nicely. semis are the true leaders and todays action reflects, this brings more ammo for the bull case, I suspect an smh runaway price or a pull back and reload. I will reload (long) if indicators permit. Todays upside was too much to re-chase. on the weekly chart the williams indicator has broke to the up-side. that is a positive and should not be discounted. <img src=http://img130.imageshack.us/img130/8798/smhb3zd.png>