SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Technical Analysis a la Edwards and Magee -- Ignore unavailable to you. Want to Upgrade?


To: Risky Business who wrote (28)3/24/1998 2:31:00 PM
From: Jim Roof  Respond to of 40
 
I will depart from the Magee style chart reading and interject some candlestick wisdom. The big long down day on 2/20 was a pretty serious event in this stock's recent history. Candlestick readers often look for support or resistance to happen in the middle region of the tall candlestick. That would mean that ISLI may turn back here and head back down as resistance would be expected.

Anyone want to supply some more chart reading on this one?

Jim