Identix (IDNX) Message Board

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Technology Stocks : Identix (IDNX)

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To: Buck who wrote (9974)	8/19/1998 8:52:00 PM
From: Elvis Jones	of 26039

Technically Speaking... I'll try and show you something to be optimistic about. Monday, we hit $5-13/16. Remember that down trendline that started on 10/29/97 and finally broke on 7/17/98. Monday's close at $5-13/16 touched (but didn't break) that line. Each of the last two days have traded higher. This is encouraging! I'm redrawing my trading range lines for IDX. I'm going with a (weak) rising support line at $5-7/8 and a (much stronger) downtrending resistance line at $7-7/8. Happily Long IDX, Duke

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