Bob'29

No Upturn for Semi Equipment Until June at Earliest

3/14/09 Right...INTC and AMD both moved up 20% in the five days ending Friday the 13th of March. The Semi-holders (SMH) moved up 15% in this same time. The up move for the sector and the major indexes may be nearly exausted. It is of interest that the Neely, who is unequivacle master of Elliot Wave analysis is looking at 764 on the S&P as the climax of this rally and the beginning of the next leg down to the area of 625. Time to pull up the shorts again?