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[SemiBizz]

http://bigcharts.mar...&mocktick=1.gif



You can see from the above chart, we had a strong volume violent move down at the end of July to mid-August. Now we've had a month of choppy light volume sideways trading action. We're about to see volume come into this market. Whichever way we go here on volume you do not want to be on the wrong side of it because we've built a tremendous cause for a move. I am currently positioned neutral to bias upside with some SMH calls that I think will work for a trade... and it's always a good sign when you buy something and it goes up right away, like it did for me yesterday off the bullish spring I talked about yesterday.

Now if we don't get volume and continue sideways on light volume...unlikely in Opex week, then we have to look at liquidity issues, and I'll really have to drill hard into some charts to understand it.

Although I am fundamentally skeptical about a rally, my technicals say we can have a run here to 2603-07 pretty easily. And then that 2619 pivot from 2001... the last time the Fed reversed from raising to cutting can always be tested...