Semiconductors Are Tired: SOXX

January 27, 2012

A reliable market (and tech) proxy is SOXX (Philadelphia Semiconductor Sector Index).

There are two bearish elements on both heikin-ashi SOXX charts:

  1. a rising wedge
  2. a very possible haDelta failure

Warnings should not be ignored!

Semiconductors Are Tired 01/26/2012 SOXX

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