Short SMH with SSG -- Mistake?!

I was wrong with this trade and need to end it.  SHM, long the symbol for the Semiconductor Holders Index changed to SOXX and SMH is now a Market Vectors semiconductors fund. How they correlate with SSG remains to be seen; it is mirroring the apparently incorrect SMH volume! Stochcharts.com has yet to fix its SMH data; it is a combo of the old and new fund for volume -- crazy!  SMH came into being just the end of last month: http://www.vaneck.com/funds/SMH.aspx
 
 Anyway, beware!





The SMH chart appears to be setting up an incredible short, based on volume; look at the ridiculously low volume under the current uptrend!

Short % of Float (as of Dec 15, 2011)

A

                                                                       Short % of Float (as of Dec 15, 2011)

Analog Devices Inc                          ADI                         2.30%

Altera Corp                                         ALTR                      <1

Applied Materials Inc                     AMAT                   1.10

Advanced Micro Devices Inc       AMD                      14.90%

Amkor Technology Inc                   AMKR                   17.40%

Atmel Corp                                         ATML                    3.00%

Broadcom Corp                                 BRCM                    1.80%

Intel Corporation                             INTC                      2.20%

KLA-Tencor Corp                              KLAC                      7.90%

Linear Technology Corporation  LLTC                       5.40%

LSI Logic Corp                                     LSI                          2.40%

Micron Technology Inc                  MU                        8.60

National Semiconductor Corp     NSM                     

Novellus Systems Inc                     NVLS                    

SanDisk Corp                                      SNDK                    

Teradyne Inc                                      TER

Texas Instruments Inc                   TXN                       

Xilinx Inc                                              XLNX                    

 

I am using SSG:

The upside would seem to be a retracement of the entire low-volume uptrend of the SMH.