Arena Pharmaceuticals (ARNA) Message Board

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Biotech / Medical : Arena Pharmaceuticals (ARNA)

ARNA 99.99

0.0%

Mar 15 5:00 PM EST

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To: Justinfo who wrote (2201)	2/19/2014 10:05:18 AM
From: The Ox	Read Replies (3) of 2274

You have to give it to the bulls lately, they simply churn up past each resistance level. A bust up wouldn't surprise me in the least. At the same time, the last 2 day's worth of news and data hasn't been all the good, yet the market refuses to back off. Hard to tell if this is a bull trap setup or not. We'll know more after today. A good 10 to 20 point move down in the S+P is all that's needed, IMO, before a run to new highs. If we just keep running upward, I'd start to guess that were in a bull trap setup. Been wrong before....so simply posting my guesses here....

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