Hard to believe after getting spanked so hard that the SOX is very likely to get brutalized yet again on this next leg down

see fourth chart here:

http://www.gannelliottwaver.com/modules.ph...=article&sid=42

My stock trading software has suddenly issued a huge rash of sell signals on the semis so I tend to believe in this count.

Here is The sox Chart

pretty safe option play

SMHQY
SMHQE

on a retrace rally this week.

Pile,

i wouldnt bet that much on a retrace rally. We may only go in S&P from 894 to 911 or so, can happen intraday. We better should fully concentrate on downmove.

Bullish descending wedge in its infancy?

these are both puts, so you meant at the top to get in right?

usually when giving options, instead of using the real order which is great but then you have to find it.

i use the name month strike price (put/call)

these are smh may 25 put and smh may 27.5 put

much easier to find and order.

fokker,

seems so, but first we go down 50%

This should be a nice short play....retest of lows is the next move. Hurst charts show the 12 month cycle in an up phase, probably mitigating a brutal decline.....this time around...

It's good to see the BTK also waiting to collapse....in tandem with SOX; they usually act in a rotational dance; this will just be a dance right down the sewer.....where they belong.

Metamucil

BTk is playing out just like last year. Next month it should head down. If i get time i will post some chart.


Have u got any stocks in mind with low cash?


Thanks.