Saturday, April 19, 2014 3:34:52 PM
1. Shucks, I missed that good buy opportunity.
2. We'll see that level again soon.
3. We'll see a lower low.
The sector is really leading IDRA by the nose here, with IDRA showing a similar move, in terms of the 200MA, but obviously greater range relative to shareprice as IDRA had such an exponential increase in 2013.
The IBB is right at 50MA on the Weekly Chart and the 50MA on the Daily Chart. So in the absence of another leg down, it could base or bounce here. I have no firm opinion, just a sense that we'll see more weakness.
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