AK. you are right in that there will be more revisions and more BS news like ORCL just released and hence I remain bearish and not running into my little hole. My point is that TSM news caused all the semis to build into them "in one swoop" all the bad news...for now. I am saying that shorting the dip tomorrow, while expecting the SOX to dip to 280 may not be a profitable trade. I think shorting the SOX at much higher level may pay better with much less risk. And so it goes to 280? What then? Right back with the same vigor it had last week. You will see 280 for approximately 2.32 minutes. All those who "missed the train" last week are not giong to sit on their hands and watch a dip; they will hitting the "buy button" with reckless abandon. I do not think the bulls are ready to give in and settle for the break of 7000 on the DOW. They wanna see 9000 just one more time; to say goodbye of sorts becuase it may be a while till they see it again.
Of course you could wiggle wiggle wiggle daily and still do great like Zev.
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