Today marks the 11th day of a rally attempt. The most successful attempts occur within 4-7 days and the longer the attempt, the longer this drags on, the less likely a follow through will hold. On the other hand, one never knows when the market will turn, so always be ready with a good list of picks. My "cream of the crop" scan came up with a few notables; Intuitive Surgical (ISRG), Hologic (HOLX), and China Medical (CMED) - all from the Medical Devices group. This confirms IBD's Industry Snapshot article "Good Medicine For Investors" from 2/4. We are an aging country, 12% over 65 and growing to 21% by 2050, and we're living longer. Medical equipment is rapidly advancing, entering into Star Trek type therapies. Using robots, high energy laser and ultrasound, and organ cloning. These new products bring value to what is currently on the market will help hospitals bring down skyrocketing costs. Confidence is evident by the rising level of venture capital money which is up 78% from 2005
Follow Through/Leaders Chart
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