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To: NOW who wrote (33615)3/7/2002 3:41:20 PM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
Don't think so. Still, eager bears would have seen a certain thing forming up here:

bigcharts.marketwatch.com



To: NOW who wrote (33615)3/7/2002 3:53:21 PM
From: bcrafty  Respond to of 209892
 
davidd, not really

Actually, it looked kinda good since 2/25 or so. The stochastics were looking a bit overbought, but that's not much. And there was the RW in Allan's comment in the shorter picture.

stockcharts.com[l,a]daclyyay[pc5!c8][vc60][iLh8,3!La12,26,9]&pref=G

You can't expect TA to portend major events like a FDA disapproval any more than you could expect it to portend the bad conference call of GNSS last week. The chart might reflect news the street already "knows" when word is leaked, but if there's no leak, then there's not going to be much reflection of it in the charts.

FDA approvals/disapprovals are one of the joys/dangers of being long on a biotech or drug stock.