Sunday, January 1, 2017

Jan 1 - XBI long setup

We need the QQQ's to show strength but XBI looks set up within the next 3-6 mo to make a big move up

This remind me a lot of 2011 where the declines got slower and shorter and finally XBI ramped up to new ATH's

Notice the slower rate on the current decline. So far 5 intermediate term bottoms

Same thing happened in 2011. 4 dips and we were off the races.

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