I talked about it much lately and it's a big topic in the steadytrader.com chat-room and newsletters.  Today AMAT and CY are slipping yet INTC is holding up well.  Be that as it may, the SMH is down 0.90%, which isn't much, but so far the 61.8% retracement levbel near $35.10 has held as resistance.  

We are trying a stab to the short side with an ultimate target near $31.50 but with profit targets along the way.  A stop is at $35.25.

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