June 9,2014 ... Continuation of the earlier report The reason that I want to mention possible long set ups (Even though I expect a dip in the major indexes) is that 1. Some do not like to short the markets , and they've been very difficult to short anyways. 2. if the Markets do correct, these set ups can be checked during the correction for possible strength - IF they just go sideways or pull back mildly AND the Markets just put in a normal correction, they may become buy candidates . I also expect MANY MORE set ups will develop as overextended rallies in individual equities correct. I will cover those in the future. At this point, please note Biotech...
BIOTECH - The "report" is written on the charts (May pull back with the markets, though it did already Correct strongly) I would expect it to return to the break out around the 50sma
After that HUGE correction...Some Biotechs are recovering
So Are there others setting up bases & breaking upwards too ??