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

To: Hippieslayer who wrote (21848)	6/4/1998 11:14:00 AM
From: Lyn Benson	Read Replies (2) \| Respond to of 32384

Does anyone on this board follow P & F charting (other than Alan, KoF, who we haven't heard from recently)? I got an interpretation from Jan on the P & F thread on 6/1, who summarized LGND broke a double bottom, but still above bullish support line as of 5/30. Momentums negative, RS weak. With sector strength still showing some strength, she warned to keep an eye on the stock in relation to not breaking its trend line of 12. Anyone follow P & F who can provide an update for the past four days?

To: Hippieslayer who wrote (21848)	6/4/1998 2:30:00 PM
From: shasta23	Read Replies (2) \| Respond to of 32384

The medium term uptrendline(since early 1997) is now around 11 7/8-12 which i would consider rock bottom for the stock right now. uptrendline is at 11 now. If that line breaks we would not be in an uptrend any more. When i look at my weekly charts then i would expect the stock to linger for a few more weeks in this area 13-14 but then most parameters(Money flow, CCI, TRIX etc) should have bottomed and turning up. Stefan