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Biotech / Medical : Biotech - Technical Analysis -- Ignore unavailable to you. Want to Upgrade?

To: aknahow who wrote (71)	7/6/2001 10:36:44 AM
From: Scott H. Davis	Respond to of 544

All: July is often a bad tech time, and with the current economic climate and continued stream of profit warnings, it looks likely to continue. In my 401 k started last year (new job) they dorked my initial fund selections, and when I advised them, everything was reverted to cash. Turned out to be fortuitous as the market declined. I missed re-selecting funcs as I was swamped work wise while the NAZ was in the 1600 range and was not managing investments. Today looks nasty, if I make fund selections today, it would not be a real bad time - long term. But I'm wondering if I should wait a couple weeks, as my gut is that the market is declining further. Any takes from a TA and or market/macroeconomic perspective?