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To: JMarcus who wrote (413)	10/17/2003 4:59:44 PM
From: Jibacoa	Respond to of 3722

Marc: REGN formed a base from August 6 to August 12 at the 12.25 to 12.30 level. It had a cup & handle formation with the handle pivot at 15.20 on August 29, from there it had an explosive looking move to the September 8-September 9 double top at the 22.35 level. On September 8 (the day of the up-gap) the volume was 6.121M and on October 7 (the day of the down-gap) the volume was 7.729M As you said, it is trying to form another base at the 12.90 level.The October 6-October 7 downgap (from 18.40 to 15.16) Gap=3.24 (In order to close half the gap the stock needs to close at 16.78) The PSML data on REGN at present: 13.00 13.47 15.09 and 16.23 As you can see, the P and the averages remain on a DOWNTREND. siliconinvestor.com Bernard