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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Listen Up, Gang

chessNwine Thu Oct 13, 2011 3:38pm EST 2 Comments

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We have some homework to do regarding the biotechnology sector. The IBB (sector ETF) is coiled and so are a few individual names at first glance, such as BIIB and PCYC. I will be unlocking a whole host of screens inside The PPT to isolate the very best setups in this sector. Also note on the monthly of IBB how the uptrend has clearly persisted since 2009, leaving no doubt of higher highs and higher lows, unlike other sectors that breached their 2010 lows.

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2 comments

  1. Michael Davey
    Michael Davey
    October 13, 2011 at 3:46 pm

    Absolutely. Tech getting a lot of attention but the Biotechs are showing force. Look for leadership at the start of a bull run coming off an October low – into year end, those are where the easy money tends to lie.

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  2. momo14318
    momo14318
    October 13, 2011 at 4:25 pm

    Scary picture, Chess. I wonder what they use to keep that hair in place lol!

    Fully agree with your point about watching the bios though:)

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