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Momentum Trading with RaginCajun

RaginCajun
Joined Jan 27, 2008
7,405 Blog Posts

Back In It

RaginCajun Thu Jun 4, 2015 2:07pm EST 2 Comments

I’m back in the $BIS, which means I’m back shorting biotech. You can make a case for a triple top in the IBB. A move back above recent highs in the bitoech ETF, IBB, and I will take the BIS off the table.

IBB daily chart:

Screen Shot 2015-06-04 at 1.07.41 PM

Godspeed traders.

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2 comments

  1. thegametheorist
    thegametheorist
    June 4, 2015 at 2:09 pm

    Still looking for a close above 366 in IBB? Been hanging on in BIS since before you left. Defninitely need to get this off the books soon

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  2. traderconfessions
    traderconfessions
    June 4, 2015 at 3:52 pm

    Selling volume isn’t relatively high. But good luck.

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