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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Casaubon who wrote (26612)8/3/2000 11:54:22 AM
From: James Strauss  Read Replies (2) | Respond to of 42787
 
careful in BTK, I'm smelling distribution. I thought it looked good but, I'm concerned at this point.

Thanks for the warning Casaubon...

The 3 month chart shows an uptrend in place...
bigcharts.com

The 10 day chart has an upward bias...
bigcharts.com

While Stochastics and MACD are not positive, the sector has homerun potential as very favorable news keeps coming weekly... This has caused a rotation of money flow from tech to biotech...

A comparison chart of Biotech vs Technology shows Biotech beginning to rise while Technology continues to decline...
chart.bigcharts.com

This is hinting of an outflow of money from Technology to Biotech...

Jim