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Biotech / Medical : XOMA. Bull or Bear? -- Ignore unavailable to you. Want to Upgrade?

To: Robert K. who wrote (6663)	7/13/1998 11:37:00 AM
From: Tharos	Read Replies (1) \| Respond to of 17367

Your read is as good as mine, you just use different tools. As we had discussed, there still remains a need to close @ or above the recently elusive $5. That will confirm a trend change from down to either sideways or up based on the higher low standard and breakout above the downtrend line of the lower highs. My crystal ball says $5 will confirm the end of the downtrend and validate the recent sideways trend that has developed within the down trend. The point & Figure chart has not reversed its most recent short term uptrend within the medium term down trend. My momentum indicators suggest Xoma does not have a lot of strength. But as the first post suggests, Xoma often has a mind of its own.