Thursday, April 3, 2014

Monster Bearish Wick forming in the hottest of the hot???

by Chris Kimble

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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.

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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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