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Biotech / Medical : Biotech - Technical Analysis

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To: Jibacoa who wrote (33)	2/28/2001 9:28:56 PM
From: Jibacoa	Read Replies (1) of 544

ABGX: It traded at the 38 1/4 level at 10 AM today and has formed a temporary double top at that level. Will see now if it can hold above 33, which will be kind of hard in view of present market's condition <g> This chart is for Paula to look at, so she can make her own opinion about it: siliconinvestor.com As you can see the volume expanded (233,700) in the up-move in the last 1/2 hr. of trading on Feb.26 and also on the up-move in the first half hr.today (187,400) and contracted while trading down. On the daily chart it remains on a down trend with the shorter average (in green) below the longer one (in red). siliconinvestor.com s=ABGX&time=day Look how the averages were from late 1999 until the change of trend, by looking at a longer term chart: siliconinvestor.com Bernard

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