MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Casaubon who wrote (3812)	7/13/2000 1:56:03 PM
From: bobby beara	Read Replies (1) of 19219

C, the btk had a couple of high tailed candles the last two days now a big bear candle, i checked the sector funds in rydex yesterday biotech was 4x the next largest fund and by a rough estimate in my head was 60% of cash put into the sector funds (about 14 funds i think). the biotech funds were the largest holdings in the run-up in march, i didn't track it then, but i remember swenlin commenting on it. btk peaked 3 days in advance of the nasdaq in march, so maybe we'll get a two-peat -gg- and make a fibonacci 55 day swing on monday from the may low.

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