Incredibly Dangerous

Is it going to play out exactly as Bert Dohmen said it would?
That is, grinding ‘window dressing’ action higher, toward the end of the year?
With last night’s upside and higher open, the SOXX has negated the reversal and has posted something else.
It’s in the chart below, a ‘terminating wedge’.
Semiconductors SOXX, 2-Day
The 2-Day chart is a better view of the pattern.

A wedge typically occurs near the end of the move whether it’s up or down.
The pattern above, implies that Nvidia has one more last gasp (not advice, not a recommendation).
Next earnings release is scheduled for November 19th.
Stay Tuned
Charts by StockCharts
Note: Posts on this site are for education purposes only. They provide one firm’s insight on the markets. Not investment advice. See additional disclaimer here.
The Danger Point®, trade mark: No. 6,505,279





