i posted this chart before on the 92.00 bottom on BBH....
stockcharts.com[h,a]daclyiay[de][pb9!b13!b20!h.02,.20!b200!b150!b50!f][vc60][iUb14!La8,17,9!Lh5,5!Le5,10,1!Li10,10!Lp14,3,3!Ll14]&pref=G
biotech can go lower still.....
i also posted this.....the stealth head and shoulders pattern that nobody see's cause its not on all charts...
BBH H&S at 134....140...129....
stockcharts.com[h,a]daclyiay[dd][pb9!b13!b20!h.02,.20!b200!b150!b50!f][vc60][iUb14!La8,17,9!Lh5,5!Le5,10,1!Li10,10!Lp14,3,3!Ll14]&pref=G
so we have a huge 14-month head and shoulders on MSFT....likely means MSFT is toast till next year and that fits my 1100 nasdaq.....
and we have this 6-month long H&S on biotech....would leads up to sept area where i see the high in nasdaq before the big crash....
at this early stage.....because of these two H&S patterns....
it leads me to believe biotechs will be the leading sector starting next fall as the tech wreck wipes out the last of the bubble techs to 1100-800 in early 2003.....
of course gold will be in a raging bull market then also....
but then again......i could be wrong.... :-) |
