Theragenics (TGX) on the up and up Message Board

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Biotech / Medical : Theragenics (TGX) on the up and up

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To: MSB who wrote (1041)	8/6/1998 8:34:00 AM
From: Jim Roof	of 1055

Well... there is no way for sure to know where bottom is but there are ways to analyze trading patterns that give a significant edge on the guesswork. It can get rather involved and is as much art as 'science'. THRX has made a pretty big dive and had consolidated for a few weeks in the mid-high teens. It has now broken down out of that consolidation (about 75% of the time the price gets hung up in a range of trading after a big move it will continue in the same direction after a few weeks). These areas of consolidation are called 'flags' because they look like a flag or pennant on a mast (with the mast being the big move on the chart). The flag tends to form at the halfway point of the total price move. That's why I said I am expecting single digits. After that then look for signs of reversal. Jim

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