silly buying at the top retracement pending, page-47

Regarding CaptJohn and TA someone may be adept at TA without bothering to draw lines on chart etc. I've found with TA beyond moving averages to define trend, volume and an idea of fib lines to look where technicians will look for bottom, virtually all other indicators are rubbish and there to cloud the issue and take trader off big picture which is the trend.
Re BMN TA, I would use the early Sept bottom at 1.95 post rebound from Aug 16 as true low (ie Aug 16 false low due to market conditions ). As retrace into low early Sept conformed with preceeding down trend. Gives 2.10 trend (1.95 to 4.05),fib 38% support at 3.25 if this falls 50% at 3.00 , 62% 2.75. These are the levels to watch typically if 38% retrace fails 2/3 of time will not stop at 50% but will hit 62% and rebound or enter downtrend. So we are sitting right on support. Given strength of trend and underlying strong fundamentals I would look for 1st fib retrace line at 3.25 to hold. But time will tell. I will be a buyer at these levels. Definitely a bottom draw stock.