2007-2-27 2007-2-27 SMH is still hovering around its 50 and 200 day moving averages. It is possible that the ETF is forming a small double bottom (the first bottom would have started at the beginning of December and the second bottom was just formed). A move to the 35.00-35.50 area within the next few days would make this a strong possibility. text/html 82430 http://www.nasdaqwizard.com/MidPics/mid121806.html 1.0 EN index,follow 50 and 200 day moving averages 50 and 200 day moving averages. SMH is still hovering around its 50 and 200 day moving averages. It is possible that the ETF is forming a small double bottom text