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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 73.87-0.1%Jan 9 9:30 AM EST

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To: MechanicalMethod who wrote (59547)5/17/2002 5:59:27 AM
From: Monty Lenard  Read Replies (2) of 77400
 
MM, that is not a true island reversal you are looking at there. I guess one could stretch the definition and call it an island reversal but it really isn't.

I "suspect" that gap will get filled(the one down low) even though it could take a while for that to happen. BTW, the Japanese call island reversals a "Morning Star".

The gaps I have seen like this do get filled. One in particular I remember trading on the dark side is LU when it gapped above another gap back around 3/3/2000.

Monty
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