Trade Ideas

    Posted by mwelch22 on 8th of Sep 2008 at 12:54 pm

    What are your thoughts on PDII and CRXX?  I recieve a news letter and they have been recommended.  They believe that biotech is ready to make a major move which has started.  I am new to the site and am just learning the technical side.  Any thought would be appreciated.  Thanks

    biotech

    Posted by andreac on 8th of Sep 2008 at 01:31 pm

    As a whole basket, biotech is not a buy for longs swing trades just yet.  Tech analysis: XBI just went into a head and shoulders bearish pattern, and it was already in a double top bearish pattern.  Best to wait just a bit before going long this group.

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