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Technology Stocks : Equinox Systems (EQNX) -- Ignore unavailable to you. Want to Upgrade?


To: Scott H. Davis who wrote (390)4/18/1998 10:15:00 PM
From: HeyRainier  Read Replies (2) | Respond to of 765
 
On an additional note: the TA picture for EQNX shows that it is at a significant resistance point. From here on, I am expecting a muted advance or a mild decline to better equilibrate the price with its mean price action. The decline on 3/20 was symptomatic of the significance of this resistance level.

I've seen what it's like though to break such resistance points. The stock just goes ballistic (EQNX itself is the perfect example). But I am not counting on history repeating itself here.

Regards,

Rainier