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Biotech / Medical : VD's Model Portfolio & Discussion Thread

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To: SnowShredder who wrote (7925)5/3/2000 11:31:00 AM
From: scott_jiminez  Read Replies (1) of 9719
 
Where'd He Go?

Actually biotechs, telecommunications, sub-sectors of dot.coms, and the semiconductor/semiconductor equipment sectors were all leading the market until the beginning of March. Strange how a speech about genomics brought them all down.

Using indicators tracking those segments leading the market prior the crash is helpful. Ignoring the broad trends in the market will lead investors into dead-cat-bounce head fakes of these narrow market segments...which virtually always result in the kind of action we're seeing today.
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