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Strategies & Market Trends : Classic TA Workplace

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To: MulhollandDrive who wrote (140510)1/26/2007 6:49:10 PM
From: Galirayo   of 209892
 
[BTK] We'll I hope you were watching tonite.

He just said the reason we never hear about a Biotech Rally is because Biotech never has a Sector move .. just Individual Stock Moves in Biotech. It's all FDA Approval Driven.
LOL !!!

It's all about FDA Approval .. Not a Sector Move.

I'll need to see a Chart ... Yep He's Correct ... No Sector Move here.

Seems like a Clean 5 Waver with a Double Top to me.

stockcharts.com

To be Frank .. I think Biotech assumed the Market Leader Position in Tech several Years ago .. and is Still Driving the Pace Car.

Frank
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