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Technology Stocks : SYQUEST

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To: Urlman who wrote (1614)	2/26/1997 5:44:00 PM
From: john dough	of 7685

Dear Thread Readers, It wasn't until I realized that a shaven head black candlestick was a black candlestick none the less. At about 11 EST it dawned on me that an "upside gap two crows" with a shaven head black candlestick opening above the previous open and closing beneath the previous close at 2 1/4. I made the mistake of thinking an upside gap two crows required an upper shadow on the third day. Silly me. The sneaky and devisive nature of the last two days of trading will teach the novices like me not to be so enthusiastic following the release of press releases. It would seem Tues and Weds trading were designed primarily to generate a little cash flow. Highs in the morning, lows late in the day, then a sneak attack just before the close. This does not spell good news for the monthly chart, if we fail to see this weeks highs at the close of business on Friday. Friday will make or break Syquest IMHO. A failure to secure a something above 2 9/16 on Friday may result in even more significant bloodletting through the month of March. My guess-- hammer or doji tomorrow, BIG, BIG day on Friday. My two cents. Regards and Best of Luck Friday, Bcodms

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