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Strategies & Market Trends : Wolfgangrene's charts -- Ignore unavailable to you. Want to Upgrade?


To: The Ox who wrote (1057)5/28/2015 2:31:28 PM
From: wolfgangrene  Read Replies (1) | Respond to of 3976
 
Also, the one I posted yesterday, AVY, is now looking like a roll down.
The +DI and -DI are way overbought. The TSI is overbought.
The PPO is too high and rolling.




To: The Ox who wrote (1057)5/28/2015 4:11:07 PM
From: ItsAllCyclical  Read Replies (1) | Respond to of 3976
 
Big 4 in biotech land are really not all that expensive. They could care less about rising interest rates or the global economy. Biggest downside is political action on drug costs which have become obscene. You're shorting on valuation not on a structural change or some other catalyst. Some individual names look shortable but you have to have the knowledge to and then you have to find something that doesn't have a high short interest. Long term I think EXAS will go down, but with 40% short interest no thanks. Easier places to make a buck.

Breakout on FEYE today. Let's see if it continues. Just started looking at WYNN and that space.



To: The Ox who wrote (1057)3/17/2016 11:42:04 AM
From: The Ox1 Recommendation

Recommended By
bull_dozer

  Respond to of 3976
 
I got this one right, as the RSI touched 70 again, it was look out below!!

....time to watch for a new trend change. With the negativity associated with this sector at the moment, it's time to watch and be patient.... but I think we're getting very close....

Message #1057 from The Ox at 5/28/2015 12:57:19 PM

A more likely candidate but one that could easily "nuke" your short would be biotech, another move where the RSI gets over 70 would make it that much more attractive to bet against:



To: The Ox who wrote (1057)3/18/2016 12:06:14 PM
From: John Pitera1 Recommendation

Recommended By
The Ox

  Read Replies (1) | Respond to of 3976
 
Ox, I went on a ranting rampage on the IBB at 401 last summer at the top:

Message 30157794

To: isopatch who wrote (17116)7/21/2015 9:18:33 PMFrom: John P3 Recommendations of 17985 The IBB index is looks like it's reach a 4 standard deviation above it's 200 DMA

We have 5 stocks that add up to $2 trillion dollars of market capitalization. We have the type of momentum
stock market valuations and market action which is occurring that has in my estimation last occurred in
199-2000 and then you have to really go back to the wild go-go market of 1967-68... where the top 10 stocks
appreciated 10,000 % and all were over bubble stocks that were out of business by 1972.