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Strategies & Market Trends : Classic TA Workplace

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To: Shack who started this subject5/22/2002 8:10:08 PM
From: The Freep  Read Replies (1) of 209892
 
Anyone got a take on AMGN here?

stockcharts.com[h,a]daclyyay[pb50!b200!f][vc60][iUb14!La12,26,9]&pref=G

A real steep wedge these last few days? Just a nice downchannel? It closed its gap this morning when it opened on its low before rallying hard. Was that 52.55 price last week the top of an ABC correction and now it's back to its downtrend? Or was that just the first leg up? BTK sports a similar pattern, and I suspect that the naz will get its nearterm direction from the bios and, of course, smelly (with a heckuva doji today, btw).

Anyway, I'm all ears on AMGN. . . .

the freep
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