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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Ken W who wrote (28258)	3/17/2002 11:19:23 AM
From: Sergio H	Read Replies (1) \| Respond to of 29382

Ken, thanks for your read on the BTK. Reasonable conclusion. Based on technicals, odds are that the index won't bust above 200 day MA. I'm still bullish on biotechs and besides the catalysts that I've previously mentioned see new developments, such as changes in money flow demonstrated by the divergence between the Dow and the Naz, earnings dissapointments from the high techs and increasing profitability and FDA approvals for the biotechs. I appreciate your technical read and will leave some powder dry and ready to add more biotechs when and if the rally takes hold. Sergio