SOX and SMH are pulling some bearish wedges over the past 3-4 days. This reversal does not have strength and may only create a corrective wave to a much longer decent. This tech recovery isn't amounting to much.
***CNBC watch (follow-up), chart of Abby Joesph Cohen's 2004 CNBC appearances... and the S&P 500... if this doesn't reiterate that CNBC is a great contrarian indicator then I don't know what does... either Abby Joesph Cohen was the biggest pig of 2004 or Abby Joesph Cohen is another "tool" used & abused by the elite globalists!...
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