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Biotech / Medical : Biotech & Pharma.T.A,

BIB 77.21

-1.5%

Dec 18 4:00 PM EST

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To: Jibacoa who wrote (2383)	10/13/2008 9:39:48 AM
From: Jibacoa	Read Replies (1) of 3722

Remaining O.T. <g> The market seems ready for a bounce It may do a short V shaped bottom and test the resistance at the 10000 level,which some people called the 'Maginot Line' which was pierced on Oct 6 & retested on Oct 7 It may even get to retest the minjgap down of Oct6 just above the 10250 level, but if it so, it still won't break the longer downtrend, which at the present time is somewhere near the 11700 level.<g> Bottom line, the market appears oversold and ready for a 'spike', but it seems that it will take some time to get out of the doldrums. Bernard

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