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Strategies & Market Trends : YEEHAW CANDIDATES

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To: Jibacoa who wrote (9993)7/29/2005 12:51:55 PM
From: Ken W  Read Replies (2) of 23958
 
Bernard et al

Gaps on the stem cell stocks....

They all look like refillable gaps to me. I picked STEM to look at as I'm more familiar with the pattern on that one.

Look for some support to try and form at 6.00 as that is a neckline across a rounded bottom, BUT!, don't fall for it! The gap at 5.50 will likely fill when the news event settles down. Frist coming in to support research has little if nothing to do with the FA of the company...Traders are running these stocks and will take away just as fast as they gave. If there is no positive news on Monday regarding stem cell research I'd be short back to the gap fill.

Ken
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