Friday, September 9, 2011

SMH

I received an emal about unusual strength in SMH, pretty much before I could respond, it headed lower.

 Tech in white is the strongest relative strength sector today, SMH is semi-conductors.

 There was a 1 min positive off the open, as it headed higher you can see 3C went negative and it has started to reverse.

The longer term 10 min chart is in a leading negative position.

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