Since the low in mid-2002 the Nasdaq Biotechnology Index has been move up. Not even in 2008/2009 this index moved below the 2002 low. Then in mid-2011 Things really get going in this index and the move since then has been a perfect example of a rally going parabolic.
A parabolic move can only so long and eventually this rally will stop and turn back towards the ground. If my Count is correct, then a break below 2,001 will indicate, that an important long term top is in place for massive decline.
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