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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: Connor26 who wrote (422)	12/15/2000 12:04:37 AM
From: Susan G	Respond to of 5732

ISLD, well there's not much downside potential <g> Based on the daily... It's sitting on the 20MA, hanging on, with the 10MA right below. So it may go to the 10MA tomorrow in a gap down, which is about 5 1/2. If it takes out 5 1/2, it will probably go back to that bottom it has formed below 5. Where it's sitting, 6 1/16, seems to be pretty good short term for the past few days - the only real bit of support I see. Another take...the daily looks like a cup and handle...so if it just dips, it may form a handle and move up in a few days?? On a 65M...it broke a steep downtrendline - starting with the recent high around 7 1/2 a few days ago...the high today was it right at the 10 day EMA, which it will need a rally to get through IMO.