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Technology Stocks : CDRD (CD Radio)

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To: Dale Baker who wrote (348)11/19/1997 11:43:00 AM
From: Candle stick   of 904
 
ALERT: MAJOR TRENDLINE SUPPORT AT 19 1/2 IS BROKEN.......

Since 11 dollars in April of this year CDRD has been rising along a significant trendline......today was the fourth test of that trendline since April and it has BROKEN at 19 1/2....stock currently trading 18 3/4, down 1 point in a rising market. Technically, the tide has taken a significant turn for the worse, and as you know I believe it is ultimately heading for the gap at 8-11 dollars, where the uptrend began in April.......best of luck........;^)
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