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

To: el paradisio who wrote (67663)	1/25/2001 9:57:34 PM
From: Casaubon	Read Replies (1) \| Respond to of 99985

What you think about BTK? The leadership put in long term tops, but there will be tradeable rallies. The floor will be higher than the corrections which occurred in the net stocks, in general. This is because these stocks aren't as easy to grasp so they never got the sponsorship which the internets got. In other words, they have real profit potential, if/when they hit, yet investors tend to shun them so they don't get quite as manic. My favorite (VRTX) ran up into the downtrend line and repelled. I took some profits there. I was expecting it to break the downtrend line and rally into horizontal resistance off the broadening top. There was a lot of short covering dowm at $47 to initiate the rally. This stock is still trading a good deal above its pivot from a textbook cup and handle, so I don't mind holding a bunch. If it ever gets back to the pivot, I'll probably reload.