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Tuesday, February 25, 2014

NBI Index - Extrem causion is warranted here.

NBI - Biotechnology Index

This rally is becoming extreme and can't go on for much longer. Once this rally give away to a decline it will come crashing down fast. A break below support at 2,436 will be the first important clue that a long term top is in place.

It's also important to remember that once a exponential rally like this is over it tend to return to the start of the extended rally, which will be near 969.

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