CosmicDust

IBB watch - parabolic - 3/22/2015

NASDAQ:IBB   ISHARES NASDAQ BIOTECHNOLOGY INDEX FUND
ibb
63 5 1
ibb
Typical parabolic move, and we've seen this for gold             , bitcoin , etc. etc. I am watching it for signs of collapsing and seeking to profit from it. This may take some time and needs patience. Will update periodically.
jangseohee
2 years ago
i had an unsuccessful short previously, but lets see whether the new channel can tell where is the resistance
snapshot
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CosmicDust jangseohee
2 years ago
It has to fall out of your channel first... before we are even able to talk about a trend change. Hard to pinpoint the exact top though but move like this apparently is not sustainable. Patient and patient, let it come to us.
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2use jangseohee
2 years ago
You and me both...i just sold off too early
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jangseohee
2 years ago
zoom in a little
snapshot
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jangseohee jangseohee
2 years ago
the big blue channel is to wrap in as many price data as possible, but still i have to leave up some
next, in that blue channel, price having touch channel bottom(support) on July 2012, it have been engaging in purple accelerated channel and i believe if the blue is valid, price will want to touch it at least once, exact time unknown, i will follow the purple channel, until at least i see a topping pattern such as rising wedge, or HS
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