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Biotech / Medical : Biotech - Technical Analysis

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To: Jibacoa who wrote (471)7/19/2002 3:43:02 PM
From: Jibacoa  Read Replies (1) of 544
 
The NAZand the DOW

As I mentioned on Monday, the DOW seems that will test the September 2001 L at 8062 (Today's L so far at 7970 is already well past that point in spite of the "curbs in".<g>)

The NAZ's September L and its nearest support is at 1320 which was tested on July 11.(It is already below it at 1311.<g>)

In general not a good day for the market.

Let's hope there is a "selling climax" on Monday, but overall the picture doesn't look good.

Among the few Biotechs staying out of the red today:

AMGN ARDN AVN CALP CPHD CRGN CYGN DCGN KOSN IMNR INGN GENR EBIO DPII NTII PGNX POZN QTRN RIGL SGMO STEM VGNX

Bernard
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