News Focus
News Focus
Followers 339
Posts 3486
Boards Moderated 0
Alias Born 06/22/2003

Re: gtober post# 319349

Friday, 11/05/2004 2:45:40 PM

Friday, November 05, 2004 2:45:40 PM

Post# of 704044
Gtober, The way I read PFE, it is in the 9th week down, from it's last cycle top (the week of 9/3/04) and probably bottomed yesterday at $27.20, "cyclically" PFE ought to go up with the market, for (at least) two or three weeks.

MRK, on the other hand, is still heading south and should it reach my target ($16 or so) within a couple of weeks, would be heavily oversold, and ripe for a sharp bounce up.

Jim

Where Real Traders Talk Markets

Join thousands of traders sharing insights, catalysts, and charts.

Join Today