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Biotech / Medical : Elan Corporation, plc (ELN) -- Ignore unavailable to you. Want to Upgrade?

To: Return to Sender who wrote (641)	11/8/1999 3:16:00 PM
From: Bosco	Read Replies (1) \| Respond to of 10345

Hi RtS - thanks. Sorry I missed your past 2 posts. Here is my confusion though [my TA is below amateur status!] AFAIK, if the boundary [upper or lower] of Bollinger's is violated, the ensuring action can be a breakout or breakdown. This is not the same as the upper and lower bounds are intact and thus a signal for traders to place their bet accordingly. And I have also heard about the contrarian tendency of RSI. However, it seems that the same idea [pertaining to the Bollinger's] applies here. Even though doing DD is really a foregone conclusion, I am glad you mentioning it. Like it or not, one is investing one's monies, so it is fair for one to watch for oneself. Having said that, IMHO, SI is a place to share ideas. Besides, considering the huge float like that of ELN, it is not a hype stock anyway. OOH, one can see the recent correction is a buying oppty and it may matter little if one holds for the long term. OTOH, I thought some TA systems look for confirmations. best, Bosco