| 
 At this time I have AMGN at a retracement target 
price of  79 1/4.  This should act as support and a retracement up 
should occur.  The resolution a 2 other longer cycles would have targets 
between 78 1/2 and 79.  I would not be looking for the short side of this 
stock at this time.   
  
Let us see what happens now.  Ira. 
 
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