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Technology Stocks : CDRD (CD Radio) -- Ignore unavailable to you. Want to Upgrade?

To: Gregory Cole Brock who wrote (445)	12/2/1997 3:00:00 PM
From: Candle stick	Read Replies (2) \| Respond to of 904

Actually , looking at the current price of 17 I dont think we are 'basing'....I think yesterdays potential "hammer bottom" will be completely negated if CDRD closes down at these levels....in my experience a hammer needs to be followed the next day with a higher close to mark the bottom. This does not seem to be the case today for CDRD What we have here is today is an open at the high and a potential new low close engulfing yesterdays "body"(the area between open and close). That is extremely NEGATIVE. .........just makes for more buyers from yesterday that are now losing money, again....that will add more selling pressure to the stock this week.........;^)