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SP Gann Anal-ysis


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Met ,

Biotech's look to have been one of the first groups to top and starting down now...I am going to take a trade on these wild things but not risk much...I think the SOX will carry the NAS over a while before this whole thing turns face but we gotta be close to the EDGE!

 

I am short GE, WWCA, QQQ and now BBH. Ohhh and AMZN...how could I forget!

 

NO LONGS not even gold fund at the moment...

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Mr. H

 

Nice play re: BBH. I shorted it from $150 down to $78.....then AMGN became a mutant monster. Interestingly AMGN has reversed trend and the 50dMA is going to cross below the 200dMA......somewhat ahead of BBH. I have a small, but growing short position on that one only.

 

chart.asp?symb=amgn&compidx=aaaaa%3A0&ma=4&maval=13%2C50%2C200&uf=8&lf=4&lf2=32&lf3=268435456&type=4&size=2&state=11&sid=568&style=350&time=8&freq=1&comp=NO%5FSYMBOL%5FCHOSEN&nosettings=1&rand=5203&mocktick=1

 

The new monster is DNA; I'm watching for a break.

 

chart.asp?symb=dna&compidx=aaaaa%3A0&ma=4&maval=13%2C50%2C200&uf=8&lf=4&lf2=32&lf3=268435456&type=4&size=2&state=11&sid=152290&style=350&time=8&freq=1&comp=NO%5FSYMBOL%5FCHOSEN&nosettings=1&rand=9881&mocktick=1

 

This whole sector is very volatile and most people can be fooled re: biology, very easily, by the media.

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