View: 2012-08-08 Ratio of SOX vs. SPX with Nasdaq - Weekly.png

http://onlypricesmatter.files.wordpress.com/2012/08/2012-08-08-ratio-of-sox-vs-spx-with-nasdaq-weekly2.png 

When the ratio of the SOX vs. SPX gets as low as it is now, it has historically pointed to a major pivot in risk assets.