Brothers, I’ve got some good news and some bad news.

The good news is that yesterday’s drawdown/“closing the position” has been stabilized, and it looks like bleeding has been stopped.
But I still feel like the bleeding hasn’t completely stopped.
The Philadelphia Semiconductor Index was down as much as 5.7% intraday, and in the end it was dragged back to only -0.2%.
$MU Micron’s low dipped to around $804, but the close pulled back up to $849.
$SNDK SanDisk also pulled back from $1,325, but in the end it still fell 4%.
The most twisted one is Hynix.
The U.S. ADR was up as much as 8.3% intraday, but at the close it was only up 1.1%.
They just pulled people out of the water, and then turned around and pushed them back down up to halfway.
This isn’t a simple rebound.
It’s longs scooping up positions, while shorts haven’t been ready to stop yet.
The real life-and-death battle should be on Monday.