Friday, October 23, 2009

SMH could outperform

I was not able to short this on TOS, but SSG is the ultrashort for semi-conductors.

The long term resistance (green box) which the price struggled with, only to pop out of, upward, for minutes to perfectly kiss the 50% Fib and then get swatted down...well, thats a beautiful thing if you are a chartist.  The Chart at bottom is from 2 days ago.

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Insightful and Useful Comment!