The correction has deepened…simple as that. The only question is how much farther it has to go…but so far, in spite of oversold conditions, the market has not been able to bounce. The negatives: All major indices are now below the longer-term 200 day average…with the S&P just below. Remember, nothing good happens below the 200 day [...]
Archive for the 'Biotech' Category
CORRECTION CONTINUES AND DEEPENS
02/08/2012: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST
JUST LETTING YOU KNOW… I get these offers now from all these credit cards. “Hey Gary, transfer debt over here and we’ll give you ZERO PERCENT INTEREST RATE FOR THE NEXT 15 MONTHS. But, of course, in the fine print that Superman’s eyesight couldn’t see – you pay a 3% or 4% fee. So they are lying. [...]
EXTENDED AREAS NOW LOOK LIKE THEY ARE ABOUT READY TO PULL IN
Just a word to the wise. Starting to see serious rotation. Extended areas now look like they are about to pull in. Number one candidate is the biotechs. Look where the bbh and ibb are in relation to recent move. I suspect they are now starting a deserved pullback and would wait for new entries. [...]
