Replies to post #2595 on Your Economy (No Politics) (YE1)

[FinancialAdvisor]

Nice analysis Bullwinkle, quick, concise, and to the point. What's your thoughts on the overwhelming gaps on the SMH under $25?

I definitely am looking into this over the weekend, and I think there's another gap even lower then that. Apparently, the Q's and the SMH seem to be leading the way, on a side note, there's a gap on the Composite under 1300. If the SMH and its decline is any sign of what's to come for the likes of the Dow, S&P 500, and even the Composite, then things still have a long... long... LONG ways to go!

[Myself °¿°]

SMH ...

[Myself °¿°]

Sticking with that theme, if we were to trace out that 34.95 retrace high to that 27.78 low we are currently sitting right at 61.8% Fib retrace.

SMH is under 61.8% Fib retrace