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Biotech / Medical : Munch-a-Biotech Today
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To: Miljenko Zuanic who wrote (3069)8/3/2016 1:26:19 AM
From: Robohogs   of 3158
 
FIBQUEEN had timing Monday into end of week. That said, IBB bounced off her first fib support today. My indicators are weakening. Interestingly, XBI refusing to do extreme A/D days after almost all up Monday early in day and all down Tuesday at one point.

FIBQUEEN has late Aug timing too. I think we chop down to 60/high 50s at most this time. Not super bearish here but I wasn't at June top either - actually ex-Brexit, xbi had put in smaller down bars. But I was wrong.

I must say skeptism, extreme in some cases, by our group here gets me more bullish.
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