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Biotech / Medical : Ligand (LGND) Breakout! -- Ignore unavailable to you. Want to Upgrade?

To: Scusami who wrote (11612)	11/24/1997 12:20:00 AM
From: Flagrante Delictu	Respond to of 32384

Scusami, >> It doesn't seem like much of a H&S to me, but more like base building.<< Admittedly, the thesis of a H&S right shoulder within a larger H&S beginning on the IPO date, particularly because at best it could only be classified as irregular {if you'll pardon the expression}, is a bit of a stretch. Can you allow the possibility on the weekly chart that a breakout above the recent high would complete one with a neckline around 18.5 or so? Whether you can or not, it seems that we have spent 4 years in a congestion area principally bounded by around 9 on the downside and around the mid teens on the upside. Yes, we broke down once to 5.5 { which I can envision as a Head} [ if you'll pardon the expression}, after stretching a bit & we also broke above the range by a bit before falling back within it. Peter P. {if you'll pardon the expression}pointed out the trendline that, if held could facilitate the spurt {if you'll pardon the expression} above the recent top. The base is long enough & thick enough to support a decent price projection after its upward penetration{if you'll pardon the expression}. The mere thought of such an occurence is t_tillating {if you'll pardon the expression}. Please chew on this for a while & let us know whether you think I'm baying at the moon{if you'll pardon the expression}. Bernie.