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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?


To: Casaubon who wrote (19746)5/10/1999 9:23:00 AM
From: Tammy DeRosier  Read Replies (3) | Respond to of 34811
 
Just wanted to add a quick note on the drug names -- notice how since 1995 the BPDRUG gets down to the 32% - 36% level and then has a nice rally off that level (of course barring September 1998 when the group along with most others got very washed out at levels only seen every four years or so). In addition if you look at charts like MRK and SGP some of these stocks are nearing good support levels. PNU is at support on the chart, PFE is nearing the bottom of the ten week trading band. Some interesting things out there on drugs. Tammy