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

To: bobby beara who wrote (31765)	10/2/2000 10:31:03 PM
From: John Madarasz	Read Replies (1) \| Respond to of 42787

The biotechs finally rolled over today ..."and they TANKED all the way to the 50 MA support. The TANKING of the BTK is important in that it has been the strongest sector for the past 3 months and with it rolling over today, its kind of like the longs finally giving up and chunking even the strongest of stocks, which is often the event that occurs just prior to a reversal. Next support for NDX is 3342, we are quite close to that after todays action and if we got some follow-thru selling tomorrow AM we would be there. IF the large cap stocks can stay firm, they are likely to help the NDX hold its support tomorrow." *courtesy security trader it's all about putting in a bottom now. Right now it's like throwing nickels over the edge and waiting how long it takes to hear the splash<gg> 1 one thousand... 2 one thousand... <ggg>