LEADING BIOTECHS - 10/24/2014

An ideal Biotech breakout in late 1999 was IMCL
  on the base and flat topped breakout above 22.
  Note the high Accumulation before the breakout.
  We might want to compare/contrast the recent breakouts
  shown below with this ideal example to see that the
  moves now will probably be much more limited,
  though AMAG, CTIX and possibly IMMY look very good.

                        Tops after flat topped breakouts are often made
                        as red high volume Reversal Days occur with
                        declines following Closing Power uptrend-breaks.
                        See this in SLXP's chart below.  I would certainly
                        avoid breakouts with negative IP21s, too, as well as
                        stocks with what seems to be a broadening top,
                        as seen in OVAS below.