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Strategies & Market Trends : RESISTANCE LEVELS- Ceilings & breakouts <30 min old

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To: WHL who wrote (9)8/26/1997 8:52:00 PM
From: John McCarthy   of 621
 
William,

Reading charts has always confused me - so I don't try.

I'm into BIOX which has had a good runup based on an FDA
approval. However, it can't seem to get past 30.

I think, based on the money that AHP has to pay them,
and - this is my own guess - the probablity that Bayer
or someone else big will pay them to distribute in China
that $60 is no problem.

So - I don't see why 30 is such a big deal.

Would you tell me what the volume levels and price levels
tell you from a technical point of view?

Regards,

John McCarthy
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