SMH 5 year triangle breaking down, ominious?

Discussion in 'Stocks' started by empee, Jul 22, 2006.

  1. empee


    I was looking at SMH today, look at the monthly chart going back to 2002 you have a sym. triangle breaking to the downside. I've never seen a triangle that big (that many days).

    Use a monthly chart, meaning each candle is 1 month.

    It should have been 4 year not 5 year but wow.

    What think u?