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Biotech / Medical : Zonagen (zona) - good buy? -- Ignore unavailable to you. Want to Upgrade?


To: xcr600 who wrote (5705)9/27/1998 9:20:00 AM
From: Linda Kaplan  Respond to of 7041
 
Hank's referring to candlestick charting, which is a short-term predictor. The dark cloud cover on the daily chart suggests at least a sideways and more probably a negative indicator for Monday or longer than Monday, a change from the recent upward direction.

To my eye, the stochastics also have turned negative. I wouldn't be surprised to see a move from here to at least 13 and more probably, 10 -- barring any great news, of course, and I am not aware of any great news that could be coming.

Linda