If I did not have a strong "sell" on the market in general, I would actually interpret the chart of IDPH quite differently than you do. I see a breakout on higher than usual volume. Because of the market in general, I fear that the $37.75 and the $40.75 area are going to be serious barriers for IDPH. However, I also see a possibility of the BTK being much stronger than the rest of the market, so in the next few months, while IT related techs suffer, the BTK may actually slowly climb (with retracements within the declining market). I see similar patterns in GENZ, AMGN, and in the last wo day, even NOVN is showing some signs of possible bottoming. Only a close under $32.5 would change IDPH's chart to bearish.
Zeev
