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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (65714)2/7/2003 9:23:18 PM
From: mishedlo  Read Replies (2) of 209892
 
I asked Brian to chime in on AMGN
Here goes

It busted through it in July, but it was a fake out instead. Can it do it again, or is the 10-year trendline too strong?
tinyurl.com

At both scales, it's getting tight. A break should be easy to see here, and the stops would be clear. But it could break either way.

I would buy on an break up, but I can't take part on a down move - Amgen's two main drugs helped someone very dear to me recently. Wouldn't be right.

Brian
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