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

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To: stan_hughes who wrote (12971)3/7/2004 5:27:50 PM
From: James Strauss  Read Replies (1) of 13094
 
Interesting observation. Biotech does seems to be trading away of late -- do you see the two groups flipping back, or at least converging again? Or have I missed your point entirely?

Stan:

The BTK looks like it's on track to test the 600 and 650 areas... The 3 month and three year charts are in upward trends...

bigcharts.marketwatch.com

bigcharts.marketwatch.com

Telecoms next intermediate term move could take it to the 800 to 900 area...
bigcharts.marketwatch.com

Short term there is a rising triple top breakout to contend with... Stochastics and MACD suggest overbought... Sometimes this is the best place for a breakout to occur...
bigcharts.marketwatch.com

Jim
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