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Biotech / Medical : Biotech & Pharma.T.A, -- Ignore unavailable to you. Want to Upgrade?

To: JMarcus who wrote (866)	3/1/2005 12:34:57 PM
From: Jibacoa	Respond to of 3722

It is time to panic yet? I don't think we have reached that point yet.<g> In spite of yesterday's news on the PML cases on patients taking the Avonex-Tysabri combination that caused the drop on ELN & BIIB's shares the BTK's intra-day L of 492.86 was still above its Oct.25 L of 481.71 <g> As I mentioned, the BTK, on its weekly chart,still is on the near-term down trend coming from the Dec/28-Dec.29 double top at the 545.95 level, but I don't think the "panic" will be triggered as far as the August L at 446 or Nov.2003 L at 434 aren't broken.<g> As I mentioned,on the monthly chart, the uptrend that started on May 2003 from the 325 level is still intact, and the important "support" to watch there is the 420 level.<g> Today ELN & BIIB are both trying to bounce back.<g> After its big down-gap at the opening yesterday, ELN highest 15 minutes intra-day volume of 18,180,700 was to the upside(from 8.27 to 9.19) although today's intra-day L of 7.80 at 9.45AM was below yesterday's L of 7.90 <g> RAGL Bernard