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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: wlheatmoon who wrote (18)	2/10/2000 10:51:00 PM
From: John Pitera	Read Replies (2) \| Respond to of 33421

A technical look at Gene and CRA and Genome Mania !! Here is a chart of GENE from 1982 to today as Chip asked about it. geocities.com it can be argued that GENE has broken out of an ascending triangle with a rising trendline in green that started with the split adjusted .75 low on 1-3-91. As you have pointed out there was a double top that was hit in 1983 and then again on march 5 1995 @ 15 which is illustrated with the blue line. with the recent furor over the upcoming completion of sequencing of the complete human genome, these genome stock has exploded through the roof. the power of the moves of these stocks is so great that measuring targets are largely irrelevant and we will need to see another catalyst for an inflection point to turn them earthward once again. CRA the Perkin-Elmer genome spinoff is another example that Mike had bought in the 80's in Dec. I had made a chart when it had ascended to 250 back on Jan 10th. geocities.com it has subsequently had a pullback to 180 and is at 263 today, looking like it will break out to the upside again and head still higher. John