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Technology Stocks : Digital Island,Inc - (Nasdaq- ISLD) -- Ignore unavailable to you. Want to Upgrade?


To: Michael Olds who wrote (1402)1/24/2000 10:38:00 AM
From: MileHigh  Respond to of 1884
 
Michael,

One last lesson, I have nothing to prove. Start your trend line at the intra day high of 156.9375 on 12/10, take it down touching the intraday of 144.375 on 12/17, then take it down to the intraday high of 107.25 on 1/11. See the ST trendline?

Notice how it based for 5 days prior to FRI's action?

Fridays action just barely broke above this trendline, but it was not decisive. Todays gap above it was the defining action.

Does that explain it? I am not hyping anything, just posting what I see. Everyone can chose to agree or disagree.

TA is NOT the be all and end all of anything, it is simply a tool to help make entry or exit trades if one is not truly a LT investor.

Regards,

MileHigh

equis.com



To: Michael Olds who wrote (1402)2/8/2000 6:28:00 PM
From: MileHigh  Read Replies (1) | Respond to of 1884
 
Michael,

Here is our breakout. The last breakout I spoke of did not materialize as it did not close at or near its intraday high, it is what is called a shooting star. That is why I posted that the close was so important, always is...

Today looks to be different as it closed neat its high on 2.5X average daily volume and the downward trend line is now broken. Next stop 120 or so IMO.

Also, the WSJ news was confirmation to me, first class site, first class company would not chose ISLD unless it was rock solid...

Good Luck to all!

MileHigh