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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Jill who wrote (298)	5/23/2001 7:59:59 PM
From: Vendit™	Read Replies (1) of 8752

Based on the indicators it is a good time to be selling this stock because it has reached the top of this short-term cycle up and a technical top has formed. Momentum now favors a sell off. Low volume says the sell off will be in slow motion. askresearch.com In the above chart if you count back 6 candles you will see a gap at about the $3 ¼ level between candle 6 and candle 7. I think that gap will fill on this move down. Main lower support or likely entry target is about $2 ¾ but will take a week or better to get there based on past price movement. Small biotech companies can be very rewarding. I was introduced to T/A and short term trading exclusively biotech stocks and am very familiar with how they move. JMO

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