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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: horsegirl48 who wrote (31609)9/29/2000 6:43:44 PM
From: donald sew  Read Replies (1) of 42787
 
Horsegirl,

>>>> What is your feeling about biotechs during all this carnage <<<<<

For the time being the biotechs are holding up relatively well. But if the selling intensifies the chances that the biotechs will follow suite.

It appears that the BTK, is also forming a BEARISH WEDGE.
UPPER TRENDLINE - intraday highs of 7/11, 9/1, 9/28
LOWER TRENDLINE - intraday lows of 5/24, 7/31. 9/18

The BEARISH WEDGE is hinting that the BTK will also break to the downside.
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