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augieboo

07/13/03 3:59 PM

#129502 RE: Bullwinkle #129497

Bull, from a weekly perspective, $DRG looks a bit iffy -- much like the rest of the market. In other words, it looks over-extended, but there's nothing to say it can't/won't over-extend quite a bit farther from here.



The daily chart, on the other hand, looks pretty good. So I guess the question is, will the short term drag the long-term up, or vice versa? Intraday models are mixed, but with what looks to be a positive -- albeit not necessarily immediately so -- bias.



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GSK

The weekly chart on this stock looks a lot like something my human would flush down the toilet. ):

Although the daily chart looks like a plausible trade for someone with rather high risk tolerance, the weekly chart looks like it wants to go lower. When everything points down at once I tend to shy away. I could be very wrong, but this looks like a very low percentage play.




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See next post for NVS
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augieboo

07/13/03 4:12 PM

#129507 RE: Bullwinkle #129497

Bullwinkle, NVS looks quite a bit better than GSK.


Weekly Chart is extended, but looks like it's burned off enough Overbought condition to be bullish again:



Daily chart looks pretty nice, IMDO.



Intraday Charts:

195 Minutes: bullish
120 Minutes: bullish
60 Minutes: bullish
30 Minutes: iffy
15 Minutes: bearish
5 Minutes: sideways/consolidating

Overall: The shorter intraday charts indicate that there may be a little bit more work to the downside before this can go up significantly, but not much.

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WARNING: Only a dumb mutt would trade stocks based on the opinions of a doggie -- regardless of how fluffy & adorable that doggie might be or how impressive his pedigree. Don't be a dumb mutt! Do your own analysis, make your own decisions, and enjoy your own early retirement, (or suffer your own early penury, as the case may be).