BTK on Uptrend with triple top can get cheeper the next 2 weeks
BTK TOP Friday biotech slide begun year 2000 the biotechs lead into correction this was past Friday action watch for direction here the biotech bubble
$BTK bull flag for final blow off when break the flag to upside
Biotechs begun the crash in 2000 and now 2015? Watch for new lows
Ruby On Biotech. Sneaking in a Quick #ChatRat. These numbers are simply breath-taking. Taking the long on Ruby beginning July 2009. Thank you BTK. ~Beauty
A very sharp rise as this has been well overbought. The trend angle went all the way to 65!. High probability of strong selling pressure and a large move down, to as low as 1770-1850!.
Definition: The Bump and Run is a reversal pattern that forms after excessive speculation drives prices up too far, too fast. The first phase is a uniform bullish trend with a trend line slope of 30 to 45 degree, then a period of excessive bullishness with a trend line slop of 50+ degrees, and finally the Run phase which is a period of sell-off. I am looking for...
Definition: The Bump and Run is a reversal pattern that forms after excessive speculation drives prices up too far, too fast. The first phase is a uniform bullish trend with a trend line slope of 30 to 45 degree, then a period of excessive bullishness with a trend line slop of 50+ degrees, and finally the Run phase which is a period of sell-off. I am looking for...
Here we are today. Financials breaking down and under performing. Biotech going parabolic. SPY and XLF is scaled left and Biotech index and QQQ scaled right. I think IBB will continue to run for a bit longer but any harsh snap in this industry will likely be similar to what happened in 2000s. Speculation will burst, and people will be running out the doors. ...
We've heard that financials have led this rally too new highs and we need financials to continue to run. It isn't until institutions need to find more yield and start investing in speculative areas such as IPOs and Biotech (this should sound very familiar). This run on financials and SPY is amazing (scaled left) . Biotech and QQQ/COMP is just as...