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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: The Freep who wrote (131360)	3/28/2006 12:41:49 PM
From: Henry J Costanzo	Read Replies (1) \| Respond to of 209892

PFE...<<.Whatcha think PFE is doing?>> IMHO, Freep......fairly prolonged backtesting Jan bullish pennant breakout point.....heading for 30ish (R area May/Jun highs, and Oct/Nov congestion.) Still holding above both 50d and 200d MA.....with the rising 50d having exceeded the 200d. Latter still falling, but rate of descent sharply decelerating. Remains bullish....but, personally,I wouldn't be long here either.....Too many other more attractive possibilities around. BTW as a matter of possible interest....Note that PFE displays the reverse of the "Island" formation you were so concerned MIGHT develop in BRCM...If the potential island top in BRCM seemed so devastating, the actual island bottom in PFE should command considerable respect...LOL