THE CLOSE

We never like strong opens and weak closes.

Watching the SEMIS and the big TECH/INTERNET and all that stuff. We are less than thrilled with the pattern on the SOX as it drops and wedges up. And now the potential for the same in a lot of tech names . Also, the biggies are now starting to trade wide and loose, more jagged and now the patterns take on the potential for a double top. More cards will need to come out of the deck. 50 day/10 week moving averages are to be watched for all.

Otherwise, DOW was still up but was up triple digits early.