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Biotech / Medical : Biotech & Pharma.T.A,
BIB 88.17+3.2%Jan 22 4:00 PM EST

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To: IRWIN JAMES FRANKEL who wrote (798)2/11/2005 10:27:04 PM
From: Galirayo  Read Replies (1) of 3722
 
BLTI .. IJ .. It's interesting but it has some barriers to overcome.

That candle today is a nice one but I agree with you on the low volume.

Take a piece of paper and place it on the screen on this chart.
stockcharts.com[w,a]dacayiay[dc][pb50!h.02,.20!f][vc60][iut!Uf!Ug]&pref=G

Place it on the top of the screen and connect the high of the flag pole of 12.36 and the next high of 11.19. This is the line it has to cross. It has that line and SAR and the 50dma as resistance which are all in the same area. So I think it needs some volume to go with it's up move here.

Or better yet click annotate and Draw the line.

I'm getting kinda mixed signals on accumulation. I used 2 different ones for this chart.

Ray
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