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Biotech / Medical : Biotech - Technical Analysis

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To: Jibacoa who wrote (465)	7/15/2002 11:52:59 AM
From: Jibacoa	Read Replies (3) of 544

The President's speech just going on now on the economy doesn't seem to be helping the general market any as the DOW is down 270 points with "curbs in".<g> Will see if uncle Al's speech has a better effect, although his record on that is not very good.<g> The BTK is back up some from its early dip and will see if it can hold its intra-day support now at the 297.50 The DOW is at the L for the day and it seems it will test the September 2001 L at 8062 The NAZ is already below its September L and its nearest support is at 1320 which was tested on July 11 but has not been re-tested so far today. As Jesse used to say it is important to know wether you are trading in a Bull or a Bear market, and there doesn't seem to be any question as to which kind we are since the NAZ broke support at the 4570 in April 2000 and dropped to 3227.<g> The DOW's down-trend was more gradual since it was not that clearly established until it dropped from the support of 10679 in August last year and confirmed with the failed attempt at recovery at the 10673 on March 19 2002.<g> bigcharts.marketwatch.com siliconinvestor.com siliconinvestor.com Bernard

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