As I pointed out on Friday, the charts still look ok even though we have been in pullback mode for weeks. This morning we get a stronger bounce. It is still early to call that we have seen the bottom, but this strength is certainly welcome and good for the bulls.
http://uclatrader.blogspot.com/2005/08/update-semiconductors_19.html
http://uclatrader.blogspot.com/2005/08/update-biotech.html
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