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Technology Stocks : LSI Corporation

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To: uu who wrote (8496)	12/16/1997 7:43:00 PM
From: Duane L. Olson	Read Replies (1) of 25814

Addi, as promised, here's the update on LSI... I've discussed with TA-ANON and the action of yesterday and today would best be categorized as a minimal snapback from a mildly oversold condition. The Stock is in a position to "turn" , and a true "reversal" could carry some distance.. TA-ANON had identified Dec 18/19 as the likely bottom -- (probabilistic, based on some kind of historical, linear correlation). Of main interest: No buy signal was triggered to date. That may or may not mean the stock should be bought... all we know is..a set of conditions hasn't been met in the charts to tell us so.. I'm holding my powder dry for at least one more day, Addi... TSO

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