2007-2-27 2007-2-27 It is hard to know whether the recent sideways movement in SMH is a consolidation before a fall to the 31.70-32.10 area or the formation of a base that would push the ETF to the 35 area at the least. The recent action has also formed a small symmetrical triangle. SMH needs to break the recent support at 33.40 to push to the lower support lines. A break above last Thursday's high should push the ETF to at least the 200 day moving average, more likely to the 35 area. 86534 text/html http://www.nasdaqwizard.com/MidPics/mid103006.html 1.0 EN index,follow Symmetrical Triangle Technical Analysis Symmetrical Triangle / Technical Analysis. SMH is a consolidation before a fall to the 31.70-32.10 area or the formation of a base that would push the ETF to the 35 area at the least. The recent action has also formed a small symmetrical triangle. text