Trade/Invest with Options Jerry a Point & Figure Chartist Message Board

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Strategies & Market Trends : Trade/Invest with Options Jerry a Point & Figure Chartist

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To: Jerry Olson who wrote (297)	1/24/2001 11:50:05 AM
From: 2MAR$	Read Replies (1) of 5893

Protein Design (PDLI) 71 11/16 +6 1/16 (+9.2%): -- Technical -- Has recovered all the way back to the bottom of the Nov/Dec trading range near 72. While this significant barrier and the somewhat overextend short term indicators suggest some corrective action is possible, the aggressive turnaround in the biotech index (BTK) and the still favorable daily readings argue that such a move would be temporary. Support is near 67/66 with a more important floor at 63 3/4. Next resistance is at 74/75.

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