ALTERA AND INTEL LEAD CHIP BOUNCE… Semiconductors fell sharply on Wednesday and Thursday, and weighed heavily on the technology sector. Chart 1 shows the
PHLX Semiconductor iShares (SOXX) falling all the way back to its 200-day moving average by Thursday. A big jump on Friday, however, pushed the SOXX up to its 50-day moving average. Most of the Friday bounce, however…