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Strategies & Market Trends : Galapagos Islands
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To: Jorj X Mckie who wrote (6763)10/14/2002 9:55:43 PM
From: Susan G  Read Replies (1) of 57110
 
maybe because of the heavy bio weighting in the NDX vs. the COMP, some of those bio charts are actually starting to look healthy. And pretty bullish. Just thought that about the BBH when I was looking at it.

Interesting though that the NDX would be leading up, as it led the way down as far as the breakdown goes.

Have you looked at all the healthcare/HMO stocks lately? Looking at longer term charts, showing an entire year, most of them are in big old rising wedges that have been building for months, and looking pretty toppy.

A good squeeze though and all those wedges might break to the upside <g> but if they weaken, or one of them has nasty earnings, it's something to keep an eye on.
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