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SMH and COMPQ have similar moves and the 50 EMA has crossed above 200 EMA, as shown happened once during 2001 bear. Came after 911 selling abated.
One thing that is different here than if we had a trend change signal is the 200 EMA is still delcining....as is the case now, where both COMPQ (NAZ) and SMH (semi's) have done so.
Is the sideways mkt just consolidation of the MArch rally? in a bull almost always.....not so in a bear but going into OPEX FRI next week...anything goes.
Trannies still not confirming recent Dow for the move high.
Weekend update will be late SAT or SUnday, take care
D
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