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


To: horsegirl48 who wrote (35971)11/20/2000 2:52:05 PM
From: donald sew  Read Replies (1) | Respond to of 42787
 
Horsegirl,

Unfortunately, the BTK did produce a significant LOWER LOW below the early AUG trough around 575. Thats just aint good. Im not one to predict the strong move, as you know, however the BIOTECHs was 1 of the 3 main mania subsectors, the other 2 being the INTERNETs which lost more than 50% and the the SOX which lost about 45-50%. Im not saying that the BTK will lose as much, but I wont ignore that possibility. It it does lose that much it doesnt mean it will happen now either, since I just got a CLASS 2 BUY signal on the BTK, so it is getting closer to at least a short-term low.