Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 199.20

+0.1%

Nov 21 9:30 AM EST

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To: Allan Harris who wrote (15686)	2/23/1998 12:34:00 PM
From: Proton	Read Replies (1) of 32384

Re: Projections Your Majesty: I appreciate your take on TA. Usually, P&F mavens and Elliotteers have some sort of time targets or parameters for their price projections. Can you provide a time dimension for LGND to reach the targets? I've mentioned a triangle forming on the LGND chart. It continues to form (and get less ugly). I haven't pulled out my straightedge, but 14 5/8 still looks like the apex, with judgement day coming within the next two weeks. Could LGND be finishing up a complex Wave 2 (to go with that nice Wave 1 from appx. 11 - 16)? For you non-Elliott Buffetologists, what would come next is, unsurprisingly, Wave 3. Wave 3 of 5 on Planet Elliott is usually gravity-defying (if it pans out: Elliott Wave analysis has called 14 of the last 2 U.S. bear markets). Start tuning up your Fibonacci numbers and Golden Means! Pý p.s. A 38% retracement of the move to 16 would indicate a pullback to around 14 - 14 1/8, consistent with intermediate support in this area. A 50% retrace would take us to 13 7/16, consistent with your remarks to another poster (and a number you've calculated, no doubt).

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