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Biotech / Medical : Biotech - Technical Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Tomato who wrote (169)	3/16/2002 9:55:53 PM
From: JEB	Respond to of 544

BTK (Biotechnology Index) shows a wedge pattern formed 100 days ago. An earlier wedge pattern broke out 9 days ago to form the rally we just had. We are now testing the older 100 day wedge resistance line at 535. Since the rest of the market looks strong but the fundamentals tell a different story (it's had a good run so far), look for a pull back here and a regroup to test supports. BTK shows 510 as the near term (horizontal) support and if that holds, it bodes well for the continuation of the current rally. Next lower is at 500 and would still represent strength in this rally if that holds. Last ascending support is at 465 (keep in mind it is ascending and changes daily). This is a must hold support for this sector to remain bullish currently and hold the wedge pattern. bigcharts.marketwatch.com

To: Tomato who wrote (169)	3/16/2002 11:24:08 PM
From: Jibacoa	Read Replies (1) \| Respond to of 544

SRA Yes I had seen the news and also BGEN's comments.<g> biz.yahoo.com As you said, the question is wether it will be able to close above last year's May-July resistance at the 25 level. (Actually it needs to close above its May H at 25.45 <g>) If it can do that it will probably test the 2000 H at the 32 level. siliconinvestor.com RAGL Bernard

To: Tomato who wrote (169)	3/18/2002 3:57:43 PM
From: Mike McFarland	Read Replies (1) \| Respond to of 544

A couple or three weeks back I bought some RIGL at 4 1/4. Today a big block of the shares traded around 3 1/4. I just look at quotes on Yahoo, but if somebody has niftier quotes and has anything to comment, I'd be interested. Please folks--I am not interested in a smarty pants jab about having my had handed to me. I just be curious how low this critter might go based on the tea leaf TA stuff. Thanks, I'll lurk awhile.