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Biotech / Medical : Imclone systems (IMCL)
IMCL 0.1590.0%Oct 5 5:00 PM EST

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To: Raven McCloud who wrote (621)4/5/1999 11:37:00 PM
From: JEB  Read Replies (1) of 2515
 
3 month chart on SPOOs (S&P futures) shows heavy buy signal.

3 month chart on IMCL shows a continued buy signal.

10 day chart on the SPOOs shows sell signal at the end of today (Maybe two day down trend or consolidation).

10 day chart on IMCL shows the same sell signal.

Keep in mind SUGN has had its news and should drop, maybe pulling others back with it. Biotech sector is funny that way.

Look for a buying opportunity soon. Longer trend is bullish on IMCL.

Support is 16 or 15 1/2. There is good support every 1/2 point. There is weak support every 1/4 point increment.

Good trading,
JEB
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