Biotech Values

[BTH]

I am pretty damn bearish right now. There is nothing that looks good.

Having said that, I am wondering if the 'bearish head and shoulders' pattern is SO obvious at this point, that everyone is going to be wrong, and it might end up in a failed pattern in which a rally would really take place... Problem with this scenario is: i dont know WHAT possible news could come out that would make this market look positive.

Perhaps a lot of this Europe stuff is overblown. Which it may....but unemployment in this country is brutal and the moron running the country wants to raise taxes (when he should be cutting corporate taxes and giving cos an incentive to hire through tax breaks)