Index Check List
Date: 9/26/2000
Index:  BTK - AMEX Biotechnology
Index Current level:  752.18
Net Change: -33.35
% Change: -4.244
Open:  785.76   
High:  791.60
Low:  747.06
Close:
Previous session high:  811.61
Previous session low:  772.91
Previous session close:  785.76
8-Period Weekly:   8 weeks uptrending  - some consolidation over the past 5 weeks. Down from the past week. Above the EMA - Rangebound below the 800 level.
8-Period Daily:  EMA @ 750 - five day uptrending pattern with cross over to the upside of the EMA two sessions ago.  Drifting down to the EMA at 750.  Watch how it reacts to 750.  If it bounces off of it this will be a good uptrend signal. If it  drops below it will be a short signal.
1 hour:  EMA @ 765 - downtrending
200 EMA:  EMA @  560- Currently 90 points above the 200 day EMA
50 EMA:  EMA @ 700 - Currently the BTK is 50 points above the 50 day EMA - both rangebound and slightly uptrending - bounce over the last two sessions  and retreat today.  Possible retest of 700 area but a long base has been put in at that level.   I think that 750 is the new support level.
Short term support: 750
Long term support: 700
Short term resistance: 800
Long term resistance: 800
Evaluation:  Stong sector - testing 750 and ready to break into new territory above 800.
Strategy:  Play Biotechs long after a pullback.

INDEX stocks:  AMGN BTGX BGEN CRA CEPH CHIR CORR GENZ GILD HGSI IDPH IMNX MEDI MLMN ORG PDLI VRTX