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Biotech / Medical : Biotech & Pharma.T.A,
BIB 75.48+1.4%Nov 14 4:00 PM EST

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To: Galirayo who wrote (774)2/10/2005 9:26:33 PM
From: Jibacoa  Read Replies (1) of 3722
 
Ray,

Re: The BTK

Today's intra-day L(506.70) was slightly lower than the Ls on Nov.3(507.48); Nov.22(507.63);and Jan.24(508.08)

The C at 515.94 was not far from the H (516.69) and above the O (512.15) so that wasn't bad.<g> And an apparent change for the better from yesterday when C(512.15) was close to the day's L(511.88)and far from the H (526.26)

However, yesterday the S average crossed below the M and both crossed below the L average, giving a warning "sell signal" and today the SAR shifted above P, which is not a good sign.<g>

The PSML & SAR data at present:P=515.94 S=520.53 M=524.27 L=526.82 and SAR=535.10 and SRI=40 (All at present on a bearish pattern)

The BTK needs to close above the Feb.7 H(535.10)which is also where the SAR stands at present.

Today's L is an important support level and if it doesn't hold it could dip to test the Oct.25 L(481.71)As you may recall, last year L in Aug. was 446.08 and the Apr. H 567.94

bigcharts.marketwatch.com

RAGL

Bernard



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