by Chris Kimble
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CLICK ON CHART TO ENLARGE As usual boring me at stating the same thing...I believe it can pay to view the hottest/leadership under a microscope! White Hot Bio Tech "closed" below steep rising channel support last week and may be kissing the underside of resistance this week and creating a monster bearish wick. The week is not over with, yet this pattern remains potential.
CLICK ON CHART TO ENLARGE Peter Brandt shared Jesse Livermore's speculative chart back in 2012, as he shared a comparison of this chart to the chart of Apple (see post here) Great job Peter!!! My twist, Jesse's great work, looks like an Eiffel tower pattern! Is Bio-Tech ETF (IBB) at stage 12? Premium Members shorted Bio-Tech four weeks ago tomorrow. If this pattern and the bearish wick are the correct read....Bio Tech is not at a low!!! |
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