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Strategies & Market Trends : Technical Analysis - Beginners

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To: jebj who wrote (8830)	10/24/1998 2:40:00 PM
From: Stu E.	Read Replies (1) of 12039

I'm following idti. Yesterday it went up 5/8 on 2x normal volume to close at 6 3/16. It is now above its 10 and 50 day MA and bumping against the upper Bollinger band. The 200 day MA is over 9. What is the short term implication of the current price/volume action? Does the Bollinger band create resistance, short or intermediate term? I'd appreciate an analysis from those of you out there who are technically talented. Thanks

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