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Technology Stocks : Digital Island,Inc - (Nasdaq- ISLD)
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To: Mohan Marette who wrote ()1/16/2000 8:02:00 PM
From: Michael Olds  Read Replies (2) of 1884
 
Some people are saying that this is the bottom. I have taken a look at the chart. The Stochastic gives a very oversold reading; the Chaikin money flow indicates, however, that the trend has not been reversed in the upward dircection. The bottom Bollinger band has not been reached, although we are close. The very short term average close of the low has not turned up. The Candlestick Chart gives no indication that the bottom has been reached. We have not closed the gap (some people are saying it has been closed...I have no idea what they are looking at). Baring news, I see no reason at this point to think the bottom has been established.
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