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Technology Stocks : IRID - Iridium World Communications IPO Announced!

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To: regine who wrote (2050)6/24/1999 12:18:00 PM
From: Kevin  Read Replies (1) of 2693
 
A little intraday T/A for those who are interested:

I thought we were going to surge northward yet again, however, an intraday "head and shoulders" pattrn has been formed...with the last shoulder at 14 1/8. In case you are unware, this is a bearish pattern. It may be short lived or small in point terms (to 13 1/2 or so), but I think a drop is iminent.

I think we would be in better shape...but we are going down with the market right now. Not to mention that a small correction from recent price appreciation (yesterday and this AM) would be warranted
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