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To: ajtj99 who wrote (85535)11/9/2003 10:09:05 PM
From: The Freep  Read Replies (4) | Respond to of 209892
 
AJ... you say re: the BTK <<Ideally such a launch would take place from around 475-480, and possibly in another month. >>

So I'm taking it that you see another move above that level, then back down to that level (a D and E???) first? I ask cuz we're clearly BELOW the level you expect the launch from, and I just wanna make sure I understand your scenario.

The BBH chart, fwiw, is not the same triangle. There are probably some who would say the BBH has built a 2 year long "cup" of a cup and handle and is working on the handle now. And others will squint and say it has a H+S top, I'm sure. All I know for sure is that it's in a downtrend....

the freep



To: ajtj99 who wrote (85535)11/10/2003 7:18:05 AM
From: Jerry Olson  Read Replies (1) | Respond to of 209892
 
Aj

i just wrote about the BTK it's in a large triangle here. 490/500 is the breakout buy area..

430/420 the sell off area...it breaks one way or the other, i'm thinking down what with it's lagging the whole up move over the last onth or so.

The BP BIOM is in O's at 58% and negative too.



To: ajtj99 who wrote (85535)11/10/2003 12:31:30 PM
From: Shack  Respond to of 209892
 
Good question. I'm not really sure what to make of it either aj. But I agree with you that it doesn't look bearish. Two things though; the AMGN weekly doesn't look good to me, the BBH looks like a topping pattern to me (120 looks key to me there).

Got rid of the MRK calls this morning, no gain but no pain. Took a stab on the dark side with BRCM Dec poots. On the weekly, the stock is right at the top of the huge wedge out of the October 2002 low.