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Biotech / Medical : Biotech & Pharma.T.A,

BIB 75.40

+5.5%

Nov 11 4:00 PM EST

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To: Jibacoa who wrote (30)	9/16/2002 6:30:57 PM
From: Jibacoa	Read Replies (2) of 3722

The BTK There is no question that after the August 22 H at 402 the index started on a near term down-trend on August 23 and the rally attempt on September 11 failed at the 352 level. The nearest important looking support is now at 321 and then the July 11 L at 275. (Bernie Schaeffer makes reference to the closing & intra-day L of July 10, which was 279.54) bigcharts.marketwatch.com Here is the link to comments by Nick Perry about "Regression Channels" at Schaeffers Research.com which has a few charts and trendlines on the BTK Regression Channels. "Without a doubt, the intermediate-term momentum is lower, but support at 280 (the July lows) is robust." Look at the comments at 1.35PM sir-inc.com Bernard

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