InterDigital Inc (IDCC)

[Alley]

THE MARKET + IDCC

MORNING SIZZLE IS A DUD
AM rally fizzles out.

THE MARKET
I think we have a little more downside activity to go....we haven't sat in oversold territory long enough for me to believe today's action was a buy signal or trend reversal. Today's afternoon reversal was rather swift. We were saved from a nasty end with a little pop at the end.
On the NAZ we need to break through and hold 2115 for me to believe were finished.The good news is that while we have broken through critical support of 2080 we recovered.
Let's see if we can hold that.... if not we could be looking at 1995.44 the 100 day moving average

WEEKLY OVERVIEW
http://www.investorshub.com/boards/read_msg.asp?message_id=5058900

IDCC
Took a quick plunge in the Am and hit its 50 day moving avenge then bounced off that to hit the high of the day reversing in the afternoon with A little pop at the end like the naz keeping it above water . We may still have a little weakness to go.

best to all ALLEY