As posted previously regarding SMH, here is another look at SEMICONDUCTORS via the SOX. Semiconductor stocks have PEAKED after a major bull run (from a minimum of 2009 and possibly a lot longer 20-30yrs...this could be the end of a SUPERCYCLE). There is a fairly picturesque Elliott Wave count in play which suggests we are heading for a MINIMUM pullback of 40% and possibly as much as 60% over coming 12-24 months.