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westpacific

05/09/03 5:27 PM

#106341 RE: Zeev Hed #106340

BIOTECH - MOST BEARISH WEEKLY SETUP SINCE 06/00!!!!

Next week game over.
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techanalyst1

05/09/03 5:46 PM

#106342 RE: Zeev Hed #106340

Thanks, Zeev.

On checking the naz site I see there are only 8 issues and all but one are fairly low priced stocks.

Put/call ratio might be skewed with options expiration next week.

I think what we have are too many bears trying to call "the top" every day, shorting.

MMM still not very strong here.

TA
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Babylon

05/09/03 9:36 PM

#106378 RE: Zeev Hed #106340

Well, this feels like deja vu(doo) all over again when I asked about a decent market entry (100+ points ago <g>), but I'll ask again anyway. If some of us believe this is a cyclical bull, where would the next logical 3-4 entries be (ie 1500, 1465, 1425...), if someone wanted to leg into it? I'm pretty sure the 1465/75 area as mentioned would be one of them, but do you think going into it at the market next week for the first position would be good, or too "chasey"? TIA

What I'm somewhat concerned with now of is, if this is a cyclical bull, that started at the October lows, how much and how long is to be anticipated.