I was in that camp until today.
Now, not so sure...
I am now thinking that SOX may slowly worm its way through the key 1600-1620 level, and then just keep on trucking upside without a retest of the lows.
There will be some chop for sure, but SOX now looking like it may make "Y" type bottom.
SOX now up nearly 28% off the low BTW....back in bull market by the 20% rule.
We'll see I guess if it turns out to be the shortest bull market on record or not.
Edited by K Wave, 26 March 2020 - 05:13 PM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy