Biomatrix (BXM) Looking Great Message Board

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Biotech / Medical : Biomatrix (BXM) Looking Great

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To: Loren who wrote (256)	11/30/1997 10:14:00 PM
From: John McCarthy	Read Replies (1) of 569

Thread: Loren does TA analysis on the BTGC thread and a few others. (I own almost as much BTGC as BIOX.) A couple of days ago I asked Loren to look at BIOX. Below is that analysis for your FYI. Please understand that I asked for this and dragged it over from the BTGC thread. No one is making any type of attack on BIOX. Regards John ============================================================ John - Re: BIOX... Weekly: MACDs gave sell signal 5 weeks ago... still trending down. DMI- crossed over DMI+ at same time... ADX is now moving upward, denoting strong trend (bearish). Daily: MACDs gave sell signal mid-September... still trending down. DMI- on top of DMI+... ADX moving upward, denoting strong trend (bearish). Interpretation: Totally bearish at this time. I'm unfamiliar with BIOX, John... know why the technicals are so opposite the fundamentals? Loren

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