Zeev -- We have breakouts in a slew of semi stocks (including KLAC breaking over a 2+ month downtrend line, SNDK and LEXR both over your "fixed" points), not something I'd expect to see right before a deep correction. I'm not talking about today alone (to me, days like this tend to close at the highs more than not), but personally, I can't see anything in today's action that makes me think we are likely to dip strongly soon. Put call remains mostly benign. TRIN and TRINQ are averaging low, but not horribly. So I am curious about your forecast...
What is it that you see? Overbought? Max pain? The mildly weak bios??? Or was this simply a cycle based call?
Curiously,
the freep
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