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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: Ditchdigger who wrote (18027)12/23/1999 6:18:00 AM
From: Ditchdigger  Read Replies (1) | Respond to of 29382
 
Interesting chart of the drug sector,,it has not done well this year,actually down..Appears to me it held a spread triple bottom and has reversed up..I still think there will be partial profit taking from the techs, and that profit will be diversified into beaten down value industries..
DRG index chart
stockcharts.com
industry interactive comparison chart(hold the curser over the individual lines...
stockcharts.com
JAGLX chart(bottomed Oct 18th)
stockcharts.com
Also interesting to note, on the 126 pt Naz gain day, JAGLX(global life sciences) posted a 1 day 4.7% gain..JAGTX (global technology) posted a 3.4% gain(yesterday it also outperformed by 1%)..My guess,there was cash flowing into biotechs accounting for a good part of the Naz gain. JAGLX will be my main IRA play for Q1/Q2,,,then probably tech threw the end of the year(summer rally)...That's my game plan,,,nervous nellys buy value<vbg>,,and I prefer to be the leader of the pack<g>..Also going to buy and hold as opposed to trading the Janus funds on more of a daily basis..New Years resolution<g>....later,DD
PS: JAGLX is up 51% YTD,,and that is with the drug sector getting pommelled,,,the manager is doing something right(fund started the first of the year)