Larry, here is the read I have in place currently. The SMH/SOX will form a firm trading bottom when the RSI of the index and holder approach 30 again. The MACD will also be at or near the level of previous bottoms. And before we throw out Les's data as being secondary to any other system it should also be noted that when we find this good trading bottom that will most likely have had a trend score of -99 to -100 at around the same time. What we have today is the SOX trying to hold a bounce off its 50 and 200 day sma's.
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