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

To: Jibacoa who wrote (2147)	1/15/2008 6:42:53 PM
From: tuck	Read Replies (2) \| Respond to of 3722

The Dow may do that test tomorrow. Have you been looking at the after hours action, with Intel disappointing? It's put the tech sector even farther down the toilet than it was at the close, and appears to be taking the rest of the market with it. The levels you highlight are indeed technically important. The psychological implications of a breach of them is widespread recognition that nothing is immune from the credit crunch. Even though LIBOR is somewhat back in whack with the Fed Funds rate, the pile up at the exits could get ugly then. From the perspective of market psychology, there are several more important earnings reports to come in. Tomorrow we have JP Morgan, Wells Fargo, & Northern Trust. The latter won't matter much, probably. But WFC & JPM are crucial, and misses and or gloom from them would almost certainly start the next big downleg. Whisper numbers for both are above consensus, but that was the case for Citi, too, and look what happened. Personally, I rather hope they are upbeat, and the market snaps back a bit: I cashed in my Spyder short today and am simply long some biotechs. Any rebound, and I'd restart the short. But you prefer breakouts, right? I give you SKF. Cheers, Tuck

To: Jibacoa who wrote (2147)	1/22/2008 9:28:24 AM
From: Jibacoa	Read Replies (1) \| Respond to of 3722

Thinking about thee DOW again.<g> If we get the same % "correction" from the Oct H of 14279 it would be of 5673 points, or to the 8606 level, but if the "expected recession" doesn't get as bad as many people think, the gold starts to come down below the 900 level & the "correction" is only of 30% then it would be only a drop of 4284 points from the Oct H to the 10000 level. Let's see 14279 minus 4284 = 9995. In "premarket" the DOW is now at 11680 down about 426 from Friday's close. It is possible that we may still have some some further drop in spite of the "curbs" & B.B.'s 0.75 bps premarket cut. It is still too early to tell, but better to stay on the sidelines if possible.<g> Bernard

To: Jibacoa who wrote (2147)	3/14/2008 4:00:13 PM
From: Jibacoa	Read Replies (1) \| Respond to of 3722

The DOW & the "correction".<g> As mentioned in January, the "correction" from the Jan2000 H of 11908 to the Oct2002 L was 39.73% If we get the same % "correction" from the Oct H of 14279 the drop would be of 5673 points, or to the 8606 level, but if the "expected recession" doesn't get as bad as many people think, the gold starts to come down below the 900 level & the "correction" is only of 30% then it would be only a drop of 4284 points from the Oct H to the 10000 level. Gold is now around 1000 & the "expected recession" is now in place. The question now seems to be how long it will last. The DOW in the morning & afternoon today showed intraday support at the 11835. That's below yesterday's L of 11875 but above Monday's L of 11832

To: Jibacoa who wrote (2147)	9/4/2008 3:25:01 PM
From: Jibacoa	Read Replies (2) \| Respond to of 3722

Looking again at the DOW. The L so far today at 2:15PM & 2:24PM has been 11189.45 & that is > 300 points above the Jul 15 L of 10731 <g> bigcharts.marketwatch.com Back on Jan15, we commented that The DOW wants to retest its Jan9 L of 12431, which was below its Aug16 L of 12455 And that it could get to test the 12000 level, which would be some 500 points below today's close & 2279 points below its Oct 11 H of 14279. Also looking at the "correction" from the Jan2000 H of 11908 to the Oct2002 L of 7177 for a drop of 4731 points or 39.73% from the H, commented that: If we get the same % "correction" from the Oct H of 14279 it would be of 5673 points, or to the 8606 level, but if the "expected recession" doesn't get as bad as many people think, the gold starts to come down below the 900 level & the "correction" is only of 30% then it would be a drop of only 4284 points from the Oct H to the 10000 level. Will see if the DOW can rally from today's L or hold at the Jul 29 L of 11086 without having to test the 10000 level. bigcharts.marketwatch.com But it seems that at the present time is still better to 'put your trust in God, and keep your powder dry'.<g> But also remember that better times may still come & that the DOW had an almost 100% run from the 2002 L to the Oct2007 H. <g> Bernard

To: Jibacoa who wrote (2147)	10/2/2008 5:39:26 PM
From: Jibacoa	Read Replies (1) \| Respond to of 3722

O.T. again.<g> Under the present market condition it doesn't seem yet safe to consider buying any stocks. I have just been trying to find different places to park some cash for a while.<g> At any rate, and pending the second attempt of the House to pass a bailout program, I was looking at the % of the 'correction' at present, compared to the previous one.( Of course if instead of a 'correction' we get a 'recession' or a 'depression' that would be a different subject.<g>) As previously mentioned, If we get the same % "correction" in the DOW from the Oct H of 14279 as in 2000-2002, then the drop would be of 5673 points, or to the 8606 level, but if the "expected recession" doesn't get as bad as many people think, & the "correction" is only of 30% then it would be a drop of 4284 points from the Oct H to the 10000 level. The L so far this week was at 10365 We are close to the 30% 'correction' from last Oct H. bigcharts.marketwatch.com Let's hope that we don't get the 'correction' to the 8600 level. bigcharts.marketwatch.com And we don't want to even think on the 'depression' figures. The % drop in the 1929-1932 from the H of 381 on Sep29 to the L of 41 on Jul32 was of 89% The same % drop from the Oct2007 H would be of 12742 points or to the 1536 level.<g> And of course, the historians say that the 'depression' in 1929 was not as bad as the one in 1873. The one in 1929 they say it was after excessive increases in inventories and the 1873 one after a bubble in real estate prices. I hope the House makes the right vote and that the 'bailout program' helps to prevent further damage to the economy. Bernard

To: Jibacoa who wrote (2147)	10/10/2008 12:47:23 PM
From: Jibacoa	Read Replies (2) \| Respond to of 3722

O.T. Looking at the market's drop again.<g> Back in January, I commented: The "correction" from the Jan2000 H of 11908 to the Oct2002 L of 7177 was of 4731 points or 39.73% from the H. If we get the same % "correction" from the Oct H of 14279 it would be of 5673 points, or to the 8606 level, but if the "expected recession" doesn't get as bad as many people think, the gold starts to come down below the 900 level & the "correction" is only of 30% then it would be only a drop of 4284 points from the Oct H to the 10000 level.<g> The 10000 level didn't hold, gold is still close to the $900 level and the 'expected recession' seems now that it may become worse than many people thought. The DOW at the present 8250 level, has made a 'correction' of 42.2% which is larger than the 'correction' from the Jan2000 H to the Oct2002 L and also accomplished in much less time or at much faster pace. As previously mentioned, the drop in the DOW at the time of the 'depression' in 1929-1932 from the H of 381 on Sep29 to the L of 41 on Jul32 was of 89% & the same % drop from the Oct2007 H would be of 12742 points or to the 1536 level.<g> Let's hope that at the meeting of the G7 tomorrow they can come out with some new measures that may help us to go into a 'depression'. Unless one wants to continue playing the short side with DXD MYY MZZ SH PSQ QID or similar tools, it still seems better to keep the power dry. Bernard P.S. A note of caution to the short players: If you draw a trendline on any of the above ETFs' charts from the tops of the daily Hs at the start of the upmoves in late June, just note that the line is now intersecting with the present Hs, which seems to indicate that this rather fast pace is near an end, at least for some time.<g>