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Biotech / Medical : Arena Pharmaceuticals (ARNA)
ARNA 99.990.0%Mar 15 5:00 PM EST
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To: The Ox who wrote (2202)2/20/2014 10:07:01 AM
From: The Ox  Read Replies (1) of 2274
 
We've met my short term requirement for weakness. That is not to say we won't go further down, as the trend is now pointing down and the market has been following the trend "almost religiously".

That said, some sideways action for a week or 2 won't hurt anything and will get both bulls and bears frustrated, IMO.

No one should be surprised that the first attempt to bust into new highs was a failure. It often takes multiple retests.
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