Semis Likely Have More Relative & Absolute Downside Remaining

2012-10-15 · by · in Companies, Equities, INTC, Ratios, Sectors, Semiconductor, Tech, Technical Analysis

The chart below plots the ratio of the SOX vs. SPX. Note the ratio doesn’t reach intermediate-term support region (A) until ~3% lower. More material support doesn’t come into play until line (1), some ~15% lower. Additionally, the 52 week…

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