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Date:  11/11/2000
Index: BTK -  AMEX Biotechnology


Opening :   727.22
Session High:  727.66
Session Low:    709.29
Closing :   709.23
Net Change:   -17.99
% Change: -2.474

Previous session high: 744.86  
Previous session close: 727.22
Previous net change: -17.64

Previous volume:  
Todays volume:  

200 EMA: EMA @   623.84
50 EMA: EMA @   728.54 - Sitting just below the 50 EMA - fell below the EMA today
Daily Candlestick Pattern: Blackbody

Black Body
Pattern		This candlestick is formed when the closing price is lower than the opening price.
Interpretation		A bearish signal. More important when part of a pattern.

8-Period Weekly: EMA @   726.21
50-period Weekly EMA @ 584.40
Weekly Candlestick Pattern:

Black Body
Pattern		This candlestick is formed when the closing price is lower than the opening price.
Interpretation		A bearish signal. More important when part of a pattern.

8-Period Daily: EMA @    726.21
1 hour: EMA @  721.49 Downtrending
15 min: EMA @   717.03 Downtrending: 
Stochastic: %K 11.15   %D 26.61 Reaching an oversold position - neutral to slightly bullish
Histogram:  2.42 and downtrending
MACD: Fast line 5.73 has penetrated the signal line @ 7.14 indicating a downtrend
Support @:  650
Resistance @:    800

Trending:  DJIA:  (-) Sector: (-) WEEK:(-)    DAY: (-)   200: ( +)  50: (+)  Net Price: (-) Opening Price: (-)

Evaluation:    Barrons article indicates that this sector is overvalued and ready to be hit in the same way that the dot.coms were over the last few months.  Recommendation:  begin to take small short positions on the up swings.



Previous Days
9-26-2000

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