Another Ruh, Roh
It’s literally been years of planning and waiting, for biotech to (finally) be exposed.
Going way back (over four years) in a cutting, but accurate post on the differences between followers and leaders, was this.
So, is now the time to short?
Is it already too late?
The chart itself will give clues to a possible answer.
Biotech XBI, Weekly
Those familiar with (typical) market action know, after it’s all said and done, there is a possibility the wide price bar will be tested (retraced by some amount).
At some point, the XBI is likely to find (temporary) support.
When it does, we’ll have some indication of retrace/testing potential (not advice, not a recommendation).
Stay Tuned
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The Danger Point®, trade mark: No. 6,505,279
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