Posted by 30 September 2005

Charts of Interest

Here are charts of the Nasdaq, S&P 500, Amgen (AMGN), INAMED Corp. (IMDC), Massey Energy (MEE) and SanDisk Corp. (SNDK):

When I looked at AMGN a couple of weeks ago I said wait for it to reach oversold territory. It had a little bounce since then but sold off again and is now about 7.5% off its high and is now very much oversold.

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Comments

  1. Posted by JT on September 30, 2005 at 9:18 pm

    I have been doing some fundamental work on MEE, and there are a few catalysts developing. It would be very helpful to hear more about your technical evaluation. Thanks.

  2. Posted by gharghur2 on October 2, 2005 at 6:46 pm

    Hi Mike,

    I think we run into 2170 next week on the COMPX, and then consolidate for a while.

    Tony