Why I'm Bearish on the Chip Equipment Cycle [View article]
Great November call! Classic head and shoulders. The question now is, will the SOX hold at longterm support of around 375 which is not too far from here, or are we destined to probe deeper? Many have said that the 3-year sideways action in the semis was a bullish indicator. How could it be when there was a bull market in everything else?
Why I'm Bearish on the Chip Equipment Cycle [View article]
The question now is, will the SOX hold at longterm support of around 375 which is not too far from here, or are we destined to probe deeper? Many have said that the 3-year sideways action in the semis was a bullish indicator. How could it be when there was a bull market in everything else?