Tony asked about the XBI

The last candle there is today, so it gives a wierd look, This chart is worse than even this looks.

This is the first Pause on the way down....We traded it, on that trend line violation. In fact we picked it up based on a violation of the Trend line after the "dip buy" The horizontal traders purchased the "Dip" at that white line. Looks like this has moved from subtle warning, to overt warning.... and is now about to Cliff dive...... Which seems to match the indexes :) Looks ready to freefall.
The easy money is starting, and once it starts freefalling putting a follow stop on it is something to do. because after that the money becomes hard... it should catch a bounce at one point way below, then slide into despair. somewhere at 61-58.50 it will catch that "Fear bounce".

Seems like we need that "valuations are good" bounce too. at say 63?