MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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To: Haim R. Branisteanu who wrote (44075)	3/25/2000 6:28:00 AM
From: Greg Jung	Read Replies (1) of 99985

<Best bet buy some bio tech stocks the future is so rosy> Haim I suppose you are being facetious with this, but as a trading or investment angle I am convinced it is true. Currently the hot G stocks are on the way down, maybe more slowly and deeper, but it only takes a few billion bucks to get the sector shaking and the stocks are mostly at least 50% off recent highs. I think we make a bottom and go back up. Everything has already violated the 50dma - that was too steep, anyway - so possibly we go to the 200 dma after some struggles.

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