Chips on the Rise: Comparing the SMH & the EWT (Taiwan Equity Index)

Yesterday afternoon, I posted a chart for our subscribers that showed the massive uptrend in the EWJ (Japanese equity index: 14.05) during the latter half of 2005, compared with what could be an emergent thrust THIS YEAR in the EWT (13.00)-- the Taiwan equity index... and I postulated that the driving force in the EWT likely would be the chip producers (semiconductors)... After all, what else drives Taiwan business? All of which leads me to the next chart comparison... The EWT (now at 13.23) vs. the SMH (38.99)...

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