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Technology Stocks : e.Digital Corporation(EDIG) - Embedded Digital Technology -- Ignore unavailable to you. Want to Upgrade?


To: bigaltex who wrote (5397)6/9/1999 8:23:00 AM
From: John Curtis  Respond to of 18366
 
Bigal: LOL! Yah, well, ya gotta admit it do look like a head & shoulders(not to be confused with the shampoo, heh) formation, with either shoulder at approximately the $2 level. There's also a classic comment as to what occurs should that level be broken......and it's called sumthing to the effect of........a "broken neck". ;-)

If'n EDIG suffers a broken neck, then TA indicates the next support level is allllll the way back at ~$0.60. And since EDIG's done a steady, consistent slide these past couple of weeks, and nothing's arisen to forestall the slide.....well......let's just say today's gonna be VERY interesting.

As for the ~400K after hours volume.....this IS interesting, no doubt, and could reflect lot'sa things, some good, some meaningless. The meaningless would be MM after hour "true up", but the volume was a tad large for that so we're left with.....?

Bottom Line? Let's see how today unfolds..

John~