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Strategies & Market Trends : Galapagos Islands

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To: Jorj X Mckie who wrote (38657)5/3/2003 1:17:12 AM
From: PuddleGlum  Read Replies (1) of 57110
 
Here's our BKX:
stockcharts.com[PA][DA][F!3!!]&pref=G

Biotech didn't get spanked like we expected it would. At least not yet.

I have never had strongly bearish convictions, so I'm trying to avoid capitulating at the top. All of the resistance levels and key points are being taken out and shot.

I hit the road this morning when the DOW was up about 9 points. By the time I arrived at work it was up 80 points. Then when I got out of my 2-hour meeting it was up triple digits. That wasn't fun.

Your little find on the new lows is somewhat inverse to one of my key indicators that peaked wildly just over a week ago. 3 times it marked significant tops. Once it appeared relatively early in a long and strong up move.
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