TimZhang
Short

Weekly sell signal and Wave 3 is completed

AMEX:XBI   SPDR SERIES TRUST SPDR S&P BIOTECH ETF
43 2 2
Going to pullback to form wave 4 down to $55-56 $LABU $LABD
Elliot wave theory is found here: http://www.investopedia.com/articles/technical/111401.asp

your waves are missing 1,2,3 (or the a,b,c) pattern.

Also XBI is headig to 80s, just be careful.
Reply
Doge_1 Doge_1
If you're following US Biotechnology sector, there are several small cap companies going to phase II and phase III ===> buyout from bigger biotech, creating asset increase to both the blue chip biotech companies and the index ===> XBI up up and up.
+1 Reply
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