Semiconductor Cycle Forecasted Selling in the Nasdaq Weeks Ago
We have stated that the Apple Inc (AAPL) was exploding into a buying climax that would attract selling. So far it everything is on queue. The Semiconductor index (SOX) cycle also confirms this action is right on time.
Sometimes the leading index does not have a dominant cycle of any note (ie the NASDAQ index), but the internal working and leading indexes may do so (ie the SOX). As you can see the SOX cycle as peaked perfectly with prices action.
Related previous posts:
In this post When will the bears land one on the chin? we stated that we expected the bears to have there say mid March 2012, so far .."I love it when a plan comes together".. is working for readtheticker.com.
Updated SOX Chart...