AI
Monday, February 26, 2007 9:46:52 PM
Biotech is minutes away from showing its true colors. A beautiful cup and handle has formed since early 2006 and it has been in a sideways pattern since 2003. The ADX is in the dirt. Relative to SPX is also in the dirt. This looks like a high reward, low risk play at these levels if the outcome of this breakout is bullish.
I will be starting a small long if that is indeed the case.
I will be starting a small long if that is indeed the case.
Jan 4 - We have transitioned into a bear market. Completely different rules apply.
May 23 - IMO, any price at/above this close makes a great Nasdaq/SP500 short.
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