There is a possibility of a double bottom forming here for the Semis, but if it can't hold there is very little support below this area and it could get real ugly for the Semis and the NDX.
SemiConductor Sector Weekly Chart:
Friday, August 1, 2008
SemiConductor Sector Index
The Semi's put in a new 5 year intraday low which coupled with the lacking Software and Internet Sectors is still dragging on the NDX.
There is a possibility of a double bottom forming here for the Semis, but if it can't hold there is very little support below this area and it could get real ugly for the Semis and the NDX.
SemiConductor Sector Weekly Chart:
There is a possibility of a double bottom forming here for the Semis, but if it can't hold there is very little support below this area and it could get real ugly for the Semis and the NDX.
SemiConductor Sector Weekly Chart:
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