SOX semiconductor index, the socks, shows the big selling that started Wednesday morning; a loss of 4.5% in less than four days. A bounce was in order at 2 PM today as the positive divergence indicates. Downward channel of lower lows and lower highs is ominous. Not only that, but if chips are not in demand, chips that go into most devices we use nowadays, what does that say about the overall economy?
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