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Technology Stocks : Seagate Technology
STX 278.79+5.0%Dec 5 4:00 PM EST
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To: TEMFASSBAL who wrote (6479)12/20/1998 4:22:00 PM
From: William Epstein   of 7841
 
TEMFASSBAL;

Sorry I didn't make myself clear enough. You are absolutely right. The stock moves is short bursts ranging from 6mos.-1yr. Then pulls back and retraces its steps but then on the next upward move usually goes higher. I call these intermediate highs and lows. Feb. 96 was a major high at the end of 6 yr. cycle. 16 1/8 was a major low after 2 1/2 more years. Now we have begun a new 6 yr. cycle. This stock seems to travel in 6 yr. cycles from a major low to a major high. So we can expect many highs and lows.
PHOTOMAN
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