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Monday, 02/28/2011 5:49:14 PM

Monday, February 28, 2011 5:49:14 PM

Post# of 1673
IDSM Candlestick Chart Technical Analysis.

Due to IDSM's exceptionally impressive performance today, I thought it would be a good time to remind our fellow shareholders the explosive potential this stock has, and review some of it's price history.

I have posted a couple of my charts for viewing, click the links to check them out. They are higher time frames than most traders use, and I believe they provide great insight into the future of our little 'diamond in the ruff', pardon the pun.

I have highlighted the first two key areas where I see a potential for resistance courtesy of our swing trading and market making friends.

The $.11 and $.25 swing highs are the first levels to watch.

Assuming no major market moving news is announced at these price levels, I would expect buying to temporarily abate.

After that, look out for the $.43,$.67,$.75, and the ominous .$95-$1.00 range.

Then $1.73,and of course, the all time high from 2007, $2.23.

Remember these are weekly and monthly candles, these targets could take years to reach, and some may never be reached.

IDSM 5-yr.weekly chart


IDSM-7-yr.-monthly-chart