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Technology Stocks : QUANTUM
QNTM 10.09+1.5%Dec 8 3:59 PM EST

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To: Gottfried who wrote (7235)2/5/1998 6:53:00 PM
From: James L Wood  Read Replies (2) of 9124
 
Gottfried:

Last gap from 24 3/8 up to 25 1/2 was filled today. There is still
one more gap to fill (from Jan. 30th when it gapped up from 21 1/8 to open at 22 1/4-ish). Additionally, 14 Day Stochastics %K just crossed below %D (actually yesterday) AND Price traded above upper Bollanger band 3 straight days before moving below it, which IMHO confirms short-term downtrend. Will be real healthy for QNTM to trade back to 21 or just below. Support at 20 - 21 range - I'll be all over it there! Of course there are no guarantees - good news/strong market could move QNTM back up.

Jim Wood
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