PeakTrader.com

[arthur]

BTK (a biotech index) created a bullish inverse head & shoulders pattern, last year, while BBH (a biotech ETF) created a double bottom (both charts shown before). BBH held 140 over the 2005 sell-off, and may continue to trade between 140 and 145 short-term. Also, BBH may be an excellent long-term hold, including for writing covered calls, e.g. buying BBH near 140 and writing Mar 145 calls near 145.