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Biotech / Medical : Biotech & Pharma.T.A,

BIB 84.81

-0.2%

Feb 3 4:00 PM EST

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To: thebeach who wrote (580)	5/12/2004 12:02:47 PM
From: Jibacoa	of 3722

The BTK May get to test its L average line on the weekly chart, which stands at the 485 level at present. Will see if it can get any help from the ASCO meeting, which is due to start in a few weeks.<g> The BTK needs to close above 525 in order to break the present downtrend that started after the April 25-April 27 double top at the 567 level. The NAZ is already testing its L average line on the weekly chart at the 1885 level and the DOW did the same today at the 9900. So far those two have held, but is too soon to tell.<g> At any rate, the test of these averages seems important, since if the test fails it could accelerate the present downtrend. Looking at those things, I am glad that I decided to take some profits and increase my cash position.<g> bigcharts.marketwatch.com bigcharts.marketwatch.com bigcharts.marketwatch.com bigcharts.marketwatch.com Bernard

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