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I got a strange feeling about MGEN today!!
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[QUOTE]Originally posted by RCAnalyst2007: [QB] Well, we did a good correction today. %24. And it did represent good buying opportunities to some of us. There chould be some more opportunity tomorrow to buy lower. I expect a good rally tomorrow. One thing I've noticed which is important that the MFI (Money Flow index) is up even tough the price is down. Compare today's down trend with the previous one on March 8 and Feb 14. You will see that MFI was down on both. But today is not. Same rule applies to MACD. Also, ADX is very bullish. Infact ADX line was never this bullish in the last 3 years. See it on this chart. http://stockcharts.com/h-sc/ui?s=MGEN&p=D&yr=0&mn=5&dy=0&id=p63269326776 This means nothing but accumulation and expect a suprise move. [/QB][/QUOTE]
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