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Biotech / Medical : Biotech & Pharma.T.A,
BIB 81.74-4.1%Feb 5 4:00 PM EST

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To: Pied Piper who wrote (555)3/9/2004 5:46:56 PM
From: Jibacoa   of 3722
 
Piper:

Re: FMTI

The UPTREND is still intact. The first support is now at 7.60 and a more important one at 7

The PSML data at present: 8.08 7.88 7.09 & 5.33

The stock appears overbought, especially considering the general market.<g>

I have been taking a few profits.<g>

Will see how things go tomorrow. I am more than 80% cash at present,and will probably wait to see if the DOW can get back above 10,600 and the NAZ above 2070.(The NAZ remains on the downtrend that started in January and it seems the DOW may like to join it <g>)

Bernard
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