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Re: Zeev Hed post# 169629

Monday, 11/10/2003 11:47:29 AM

Monday, November 10, 2003 11:47:29 AM

Post# of 704044
Yep, I have been warning about AMGN for awhile and it weighs on the BTK. Bulls must come to grips with AMGN's breach of its 200 dma with a bear pennant on daily with the 200 dma serving as resistance in that pattern. You have to go back a long time to find such a breach of AMGN's 200 dma. It has been a rally leader. They have broken that pennant in the past two days. Any fundamental reason for AMG's weakness?

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