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Strategies & Market Trends : G&G's Riding Lawnmower thread
POT 20.650.0%Jan 2 4:00 PM EST

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To: MulhollandDrive who wrote (1316)7/31/2000 11:24:24 AM
From: Jorj X Mckie  Read Replies (1) of 4966
 
John Pitera pointed out that the naz selloff in April was preceded by the biotech selloff in March. He has used the term "canary in the coalmine" to describe the bios tendency to get smacked around before the rest of the techs.

They bios started showing the rounding tops with P&F sell signals about 2 weeks ago. That is why I bought the puts in MLNM and PDLI. I figured that they would break first and hardest.
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