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Re: value1008 post# 1567

Wednesday, 10/01/2014 1:06:46 PM

Wednesday, October 01, 2014 1:06:46 PM

Post# of 5006
Well, that's not the s/p movement I was hoping for at today's outset of the new quarter, but most biotechs are taking it on the chin today -- IBB biotech etf, for instance, crashed below its 20 day moving avg for only the second time since early August.

General markets are way down.... the CNN "greed/fear" sentiment indicator has moved even more deeply into the "extreme fear" red zone. That's a contrarian indicator and I expect sentiment to recover sooner than later.

Hopefully RXII rebounds with it....

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