Telecom Sector Looks Like a Short

Added on by C. Maoxian.

Scrolling through the weekly charts I noticed an Idiot Wave set-up in the telecom ETF, ticker symbol IYZ. Just squiggles, you know, the zig zag pattern, so if you're into risking money based on these things, the reward looks decent. Weekly chart so would take months to work out probably. Not something a hyperactive day trader could stand to do, except in a very small, take-it-and-forget-about-it way.  

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