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Technology Stocks : CDRD (CD Radio)
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To: Dale Baker who wrote (412)11/26/1997 4:40:00 PM
From: Gregory Cole Brock   of 904
 
Dale,

From what I can see an 8 month uptrend was broken the other day when it popped below 20. This also confirmed a very bearish pattern called head and shoulder. I believe that the only reason its hanging here in the upper teens is due the support levels. They exist every 2 pts or so. 20-18-16-14. Each level should provide support. I don't see how it can break this obvious downtrend now though unless there is some major new development. I currently have what I think is an easy target at 14.

Just my 2 cents.

Greg
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