SOX Flashes a Rare Dot-Com Era Warning
$Philadelphia Semiconductor Index(SOX)$ hit ~80% above its 200 day MA in early June.
A number surpassed only once in history.
At the peak of the Dot Com Bubble in early 2000.
On that note, SOX has moved +/- 3% in 15 of the last 30 trading days.
Last happened in 2000.
"Short term volatility is greatest at turning points and diminishes as a trend becomes established."
- George Soros
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