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Re: situps00 post# 4429

Sunday, 10/28/2012 10:13:51 PM

Sunday, October 28, 2012 10:13:51 PM

Post# of 16750
Here is your answer.......computers dumping the biotech index
....there are no fundamental reasons to sell

Sector breakdown produces Buying Opportunity

The biotech sector index continues to crash from its recent high of 1521. It closed today
at 1408 down 16. The 10 ema at 1447 has crashed thru the 50 ema at 1453. This chart breakdown
produces MINDLESS selling without regard to whether or not any particular drug or company
will attain FDA approval. Events like these represent the few and far between chances
to acquire shares of those that WILL PASS the FDA at discounts seldom seen. TO take advantage
of such opportunities you must have a shopping list. We have that...it is called the
Magnificent Seven.

CLSN CTIX THLD SNTA IMUC PCYC SBFM

http://finance.yahoo.com/echarts?s=%5ENBI+Interactive#symbol=%5Enbi;range=3m;compare=;indicator=ema(10,50,200)+volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
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