Agouron Pharmaceuticals (AGPH) Message Board

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Biotech / Medical : Agouron Pharmaceuticals (AGPH)

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To: N4ZQ who wrote (2039)	10/3/1997 12:15:00 AM
From: JOHN W.	of 6136

Subject: Charting Date: Thu, Oct 2, 1997 20:30 EDT From: MillJacker Message-id: <19971003003100.UAA16409@ladder02.news.aol.com> Chartists will recognize that AGPH has made a classic divergent trend channel, starting in late May. It's quite authoritative: the basic trendline touches three bottoms, and the return line touches three tops. The baseline was penetrated today, by two or three percent. This is extremely significant. Something big is going to happen. The flipped coin has landed on its edge. The golfball hangs on the lip of the cup. This is as close to a 50-50 call as you'll ever see in charting. I'm convinced it's going to cut both ways in favor of the longs. The shorts will call it a downside breakout, and wait for the price to get cheaper before they cover. I call it a false penetration, an aberration resulting from light holiday volume. It may take four trading days, but we'll get a strong bounce. We longs know Ag's fundamentals are brilliant, and next Tuesday after the close, 1Q results will begin to convince the market of this as no other evidence can. Keep the faith. Apologies to Edwards and Magee, and cheers, John R

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