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To: Sergio H who wrote (10096)10/14/2001 1:05:08 PM
From: James Strauss  Read Replies (1) | Respond to of 13094
 
Jim, does the IBB chart pattern look like an island reversal to you?

Sergio:

Good eye...

Some of the indicators (Williams %R) are overbought... You usually see a 3 or 4 day pattern in the Island Reversal... This looks like a potential Island Reversal in the making... The good news is that the completion of the reversal would only take the price down three or four points...
stockcharts.com[m,a]daclyymy[pc13!d20,2][vc60][iLa12,26,9!Lc20!Ld20!Lb14!Lg!Lk14!Lp14,3,3!Ll14]

Jim