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[crestdorf]

Check prices in: CREE,FORM,KLAC,LRCX. Then look at the banks and brokers. Lastly look at the russel. For me these indicate a coming intermediate term bounce. 38% to 50% of hi to low? I will trade that interday and will not hold stocks overnight without a large profit buffer. Tape bombs are starting to have less impact which is another telling sign. The russels relative strength too is quite interesting. Perhaps the semi's have discounted out 6-9 months here? Still think the sellers of Jan puts will evaporate a few strikes minimum by Friday close in stocks and index options. Thats the lean, will change it in a second if mkt tells me otherwise. Disclaimer:As posted in past, the context of this is strictly as a trader tied to the screen. It has nothing to do with bull or bear or fundamentals. Simply that I am looking for a sharp bounce technically.