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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Sun Tzu who wrote (82722)11/9/2023 3:07:19 PM
From: The Ox2 Recommendations

Recommended By
ajtj99
Sokka

  Read Replies (1) | Respond to of 97611
 
XBI has been weak for most of the last calendar year, roughly 4 months positive and 8 months negative. The last 5 months have been nearly straight down, until last week's bounce.

Typically (but not all years) it finds a Jan/Feb rally. I'm still viewing XBI as an occasional bounce play in a hard down trend.



To: Sun Tzu who wrote (82722)11/9/2023 8:04:24 PM
From: ajtj992 Recommendations

Recommended By
Clam digger
skier31

  Read Replies (1) | Respond to of 97611
 
A lot of the bullish stuff is teetering right now. I expected a 3-5 day pullback, but the squeeze stocks are tanking. That's not good overall.