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Technology Stocks : LSI Corporation

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To: Duane L. Olson who wrote (7983)	11/26/1997 12:54:00 PM
From: DavidG	Read Replies (1) of 25814

Duane, Your last post sounds like a little waffling and wishful thinking. I really don't expect a re-test of 18-19 anymore. All the bad news is out and LSI is looking much better on the charts. There is an ascending triangle in place and a break of the 24 - 25 IMO is a higher probability than a test of lows. If a retest occurs I do not expect anything lower than 21 unless another debacle occurs. If 21 is tested it will probably be last low of this year and a good bounce up from their should occur with volume and momemtum. I Think LSI looks real good for high 20s this year so maybe don't count on real low lows.... but rather average down now so you don't miss the boat. Nobody can pick the highs and low.... so averaging even at this time seems to be the best policy. Good Luck Trading DavidG

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