Agouron Pharmaceuticals (AGPH) Message Board

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Biotech / Medical : Agouron Pharmaceuticals (AGPH)

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To: billkirn who wrote (2730)	11/12/1997 3:13:00 PM
From: margie	of 6136

> All charts are heading south right now. Surely you are referring to the overall market where a huge number of stocks are heading south and not specifically Agouron. Probably 90% of stocks are on the downside, except for retailers. The Brazilian market is down almost 11%, there is the Asian situation, Iraq, Latin America, FOMC, talk of a world wide credit crunch, a flight to quality, nervous investors locking in what profits they may have, admonitions not to jump in yet etc etc etc. TA is disrupted by sudden breaks in the market, and by sudden advances. TA relies on continuation of a trend. Sudden moves are discontinuous. Many technicians allow a period of time for their barometer to re-set. IMO, Technical Analysis on Agouron is irrelevant now. It's the market.

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