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Strategies & Market Trends : News Links and Chart Links

SPXL 224.53

+0.4%

Dec 5 4:00 PM EST

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To: Les H who wrote (24220)	4/29/2017 11:48:46 PM
From: Robohogs	Read Replies (1) of 29602

Thanks again Les. I have own data subsets for bios and in my data, the average % Above 200D has averaged in 50/60s with low 60s cap - about 10-15% points higher but same general answer. This has puzzled me as bio prices choppy but steadily higher. I finally figured it out. Bio prices NOW generally moving with indexes again; some weeks more, some less. BUT the average slope of the 200D is much steeper than mkt coming out of bio bear mkt meaning avg daily/weekly gain needed to stay in place is very high. And most bios are rallying, mean reverting, rallying, reverting. Pretty odd. If etfs cannot finally breakout above year-end 2015 though, these percentages above could really plummet, meaning macro indicators based on the percentages may fail to work. Jon

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