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Biotech / Medical : Biotech & Pharma.T.A, -- Ignore unavailable to you. Want to Upgrade?

To: Galirayo who wrote (862)	2/25/2005 4:06:22 PM
From: JMarcus	Read Replies (2) \| Respond to of 3722

Looking at a 10-year chart of the ^BTK, it looks like an uptrend line dating back to the low of the summer of 1998 is in-tact and that we are currently dipped close to that trend line. finance.yahoo.com The IBB, which includes more small cap biotechs than does the ^BTK, is also currently sitting on an uptrend line dating back to the low of July 2002 (the IBB doesn't go back prior to 2001). finance.yahoo.com These patterns are also reflected in the 10-year and 5-year charts of two biotech mutual funds that I follow. Here's the 10-year chart for the Rydex fund (looks a lot like the ^BTK chart): finance.yahoo.com And here's the 5-year chart for the PIMCO fund: finance.yahoo.com If the long-term trends can be trusted, we may be at an excellent buying opportunity. Marc