Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: James Strauss who wrote (12436)	6/11/2003 6:23:37 PM
From: SilasSan	Read Replies (1) of 13094

I agree .. overbought (and I, too, am long Biotechs). But if there's one thing the Bubble taught me, it is that you can always become more overbought. (Wish the bubble had taught me when enough's enough, though.) The biotechs (at least the ones I've been looking at as well as the $BTK) have been bouncing off of an exponential trend line to the upside, taking about 4 to 5 sessions after a peak to relax and meet it again. The curve shows no inflection so far so I guess we're still on the accumulation portion.

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