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Biotech / Medical : momo-T/FIF -- Ignore unavailable to you. Want to Upgrade?

To: tuck who wrote (10661)	4/18/2016 1:39:51 AM
From: Robohogs	Respond to of 12215

Funny how biases work. A very good trader who often provides key levels is my case in point. For the last 6-7 weeks, he kept emphasizing 2057 as a key leve l that changed his waves and a level where he became bullish with new highs ahead. We hit it and beat it. He then seemed to stay bearish: we need below 2057, we need below....Then 2070 is key, 2079 is key, ....Then, my professional bias is higher but my personal bias is lower. Today, he said, we need to hold 2070 or else the whole rally risks coming undone. Come again? A 10-15 point drop from the highs signals 300 down? My bias is showing too but come on. PS. I too am fearful every time we begin falling given algos. But We do need to correct some too. I have a thesis but nothing makes sense in a govt run economy.