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Technology Stocks : Full Disclosure Trading

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To: Sam Citron who wrote (1480)7/29/2002 5:56:43 PM
From: Return to Sender  Read Replies (2) of 13403
 
OT: Time to short Biotechs? I am not impressed enough with the recent action to believe Biotech is ready to move higher when the current Bear Market rally ends.

The long term monthly chart looks like a fall to the 200 level for the BTK might be in order:

stockcharts.com[l,a]mhclyiay[d19950101,20020731][pb50!b200!d20,2!i!f][vc60][iUb14!Uk14!Ul14!Lp14,3,3!Lf!Lc20!Lah12,26,9]&pref=G

The 6 month daily chart seems to suggest that a move through the 50 day moving average at 351 might not last too long before failing:

stockcharts.com[h,a]daclyyay[pb50,200!d20,2!c20][vc60][iUb14!Uk14!La12,26,9]&pref=G

Finally these are the component stocks in question with a one day delay on the candlestick charts:

finance.yahoo.com

RtS
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