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

BIB 79.78

0.0%

Dec 31 4:00 PM EST

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To: Jibacoa who wrote (2773)	5/17/2010 2:48:22 PM
From: Jibacoa	Read Replies (1) of 3722

O.T. The general market is down for the last three days. The DOW has been holding above its support at the 10,500 level with some good upticks in the last 2 1/2 hours as it bounced from its intraday L of 10,436.20 at 12:06pm It had some downticks as I was writing this note but it has now resumed its uptrend.<g> bigcharts.marketwatch.com However, it seems that it will still finish down at least on double digits for the session. Its nearest resistance is at the 10920 level, before it can test the important one at the 11,000 to 11,260 level.<g> Support is at today's intraday L and then at 10,240 before the important one from the 10,000 to the hectic day L on Thursday May 6 at 9,869 <g> bigcharts.marketwatch.com I think I will still keep my cash position unchanged pending further developments.<g> Bernard

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