Ya, I don't know. If we were going higher I think the semi's would be stronger. Could be a lot of shaking and baking, but right now the rally may be toast.
We'll have to see how the rebound shapes up today. Strong or weak. At lease the selling is a little too intense for a simple trend day.
We would still seem to need to go higher to re-set a lot of these indicators. I thought we'd get higher than this before a resumption of any downtrend.
One thing I'm thinking about is a possible double bottom or slightly lower low on the Naz, with a positive divergence on the semi's. That's rally time I think if it happens.
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