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Technology Stocks : Identix (IDNX)
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To: Rappin1 who wrote (15784)11/17/1999 1:57:00 PM
From: Ron Ohio  Read Replies (2) of 26039
 
If you check the charts, 10 has been a real formidable resistance level for over 5 years. A couple days ago we blew right through 10 with no hesitation. That normally doesn't happen. That in itself is not bad. There had to be a tremendous buying spurt to whip through 10. Never the less, we've had more or less a gap opening and we are coming down to fill the gap. As mentioned in an earlier post, there must be a large overhang of stock in this area and it must be eliminated. At the present volume it may not take as long as you think.
Ron

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