THE DOT - if this turns orange or red be alert

Monday, May 11, 2009

BTK tech outlook another small link

The BTK is another small link as it is about to complete the current wave up around 650 within 2 days which gives the NDX some support and upside momentum after the decline of the last days.
Going forward we can expect more strength in the next wave up from Biotech companies as we should have some quantum leaps in cell technology and healthcare. A pullback to 600 is likely worst case would be 575 before rising up to 700 minimum potential 750.
Today is a very slow volume day in expiration week but that will pick up this week.

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