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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Andy H who wrote (47652)	4/21/2000 10:09:00 PM
From: Casaubon	Read Replies (1) \| Respond to of 99985

scanning the biotech sector shows that it has never had a lower number of stocks on P&F sell signals all the way back to 1985. It did match the current level in the oct98 selloff. The sector reversed up from bear confirmed to bull alert in four short months. Buying at those depressed levels left fools like me well in the black through even the steepest of selloffs. Even if one were not a buyer at these levels, it might be worthwhile reveiwing some of these companies for potential buy candidates.

To: Andy H who wrote (47652)	4/21/2000 11:00:00 PM
From: el paradisio	Read Replies (1) \| Respond to of 99985

Andy,Target is 3000,if you count from 4446, but why? As you now,I am the last to be bearish,but 2700 and 2130 are still in my mind and 3800-4000 can be our upside resistance as of now. Just as a note,last week ,I spoke to few a brokers. They are buying internets and biotech for their big clients.Why?...Clients were complaining : "how come my poor friends are making 100% gains on AMZN,IMMNX, AMGN,QCOM CMGI,YHOO.....and I am only 10% up on my banks,gold, down on pharma and some others conservative issues. Interesting? Have a great holidays, el paradisio