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Biotech / Medical : IDPH--Positive preliminary results for pivotal trial of ID
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To: I. Luttichuys who wrote (1055)6/25/1997 3:11:00 PM
From: Roudy   of 1762
 
Hi Bennett, Technicals at this point are more reliant on the fundamentals to make a buy/sell decision. P&F shows a high pole warning, which means, check the fundamentals to make sure your stock is still on track with your investment decision. Traditional charts are showing a gap down on yesterdays activity, which 90% of the time gaps are filled and would suggest the stock will come back up. However, if we go sideways for to long it will make a head & shoulders formation which is negative and suggests the stock will go down more. We don't have a H&S formation yet and it should take a week or two to form if it happens. IMO and FWIW, Don.
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