For example, AMAT-is really having a hard time advancing through its year 2000 bubble .com highs.
Does this warn us of trouble for the chip stocks? I believe the answer is yes.
Some of the new technologies may make stocks like NVDA-or-CY-keep going for a while, but....
I have seen this danger before.
One other note: adjusted for inflation-AMAT is 20% under its year 2000 peak.
My next chart will be of-INTC.
This stock is not even close to its year 2000 peak. And, adjusted for , it should be 20% higher.