Did Biotech (IBB) Top Out TODAY?

Daily Chart AMarch 20th

3/20/2015 – An up day with the Dow Jones up 162 points (+0.94%) and the Nasdaq up 34 points (+0.68%)

Before we get to Biotech, there has been a lot of talk recently about how most markets are heavily manipulated. From gold to equities, from bonds to cocaine (not that I would know). For instance, Yardeni: Markets all rigged, it is what it is I don’t see it. My mathematical work continues to show that the Dow continues to trace out its exact mathematical points of force. If you would like to find out what happens next, please Click Here.

Now, to Biotech.

The Nasdaq hit an Intraday high of 5,132 on March 10th, 2000, then promptly turned around and proceeded to collapse 80%. Is it possible that the Biotech Index (IBB) did the same thing exactly 15 years later?

Not only is it possible, it is highly probable. Back in 2000 it was Pets.com and Nortel Networks. Today, it is hundreds of impressive sounding “Genome” Biotech names that have

A few Ph.D’s on their payroll.
An impressive idea.
A white paper on how their new generation drug will change the world and make Trillions….a paper that maybe 10 people on this Earth can fully understand.
No way in hell of making a cent or getting their drug to the market.
A whole bunch of stupid investors that believe they will get rich.

Make no mistake, Biotech is an a giant bubble that will pop. And it’s not only Biotech. We are witnessing the same thing in the Silicon Valley’s “Mark Cuban” illiquidity bubble and even on the Nasdaq. Alibaba deal values Snapchat at $15 billion Do I really need to say anything when an app with no revenue is valued at $15 Billion by a company that is in its own spectacular overvaluation bubble? I hope note.

Anyway, why do I believe we might have hit the top in Biotech (IBB) today? Today’s blow off (gap) open and some of my other work within the sector. That is to say, don’t be surprised if we get a massive sell-off in Biotech over the next few months.

IBB2

This conclusion is further supported by my mathematical and timing work. It clearly shows a severe bear market between 2015-2017. In fact, when it starts it will very quickly retrace most of the gains accrued over the last few years. If you would be interested in learning when the bear market of 2015-2017 will start (to the day) and its internal composition, please CLICK HERE.

(***Please Note: A bear market might have started already, I am simply not disclosing this information. Due to my obligations to my Subscribers I am unable to provide you with more exact forecasts. In fact, I am being “Wishy Washy” at best with my FREE daily updates here. If you would be interested in exact forecasts, dates, times and precise daily coverage, please Click Here). Daily Stock Market Update. March 20th, 2015 InvestWithAlex.com

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