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Strategies & Market Trends : Waiting for the big Kahuna

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To: bobby beara who wrote (33263)11/7/1998 9:29:00 PM
From: bobby beara   of 94695
 
Biotech has a strong RSI during this corrective period and may be a new leader for this coming period. Biotech had higher lows on 10/8 while xci had lower lows - basis 8/31. I believe biotech has a good place in a speculative 5th wave blow-off for aging boomers. Health care stocks have outperformed all other groups year to date.

AMGN is breaking out of an ascending triangle that points to 100.

I am getting old and I need some new cells so I bought some CEGE recently -gggg-

For wavers, on the DOW/spx I believe we had an abc-A into 8/31 a wave B into 9/23, then a non-confirmed wave C into 10/8. A cyclical bear market bottom.

Live long and prosper.

bb
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