[RT] STK: The DRG sector

["Gitanshu Buch" <onwingsofeagles@xxxxxxxxxxxxx>]

I'm amazed at how many multi-year basing patterns exist on the 
weekly charts in this complex, both the sedate $DRG drugs & their more 
steroid infused $BTK biotech cousins.
 
A few individual stocks have already broken out (ABT, then 
MRK) and a lot of them are bubbling just under lifetime highs (even though they 
look like breakouts on the Dailies) - eg SGP, PFE, AHP, MRK itself.
 
A few hop, skip & jumps to clear the lifetime Highs hurdle 
should mean a multi-year rally, of the 100% kind seen on Merck in 1997-98 before 
they went into this protracted "congestion".
 
Must be planetary, this extended cycle of rally/consolidate/ 
potential rally sequence.
 
Comments, anyone?
 
Thanks
 
Sample charts attached.
 
Gitanshu






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