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Technology Stocks : Western Digital (WDC)
WDC 160.53+3.3%3:38 PM EST

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To: Jim Goodman who wrote (8331)12/27/1997 2:00:00 AM
From: Beachside Bill  Read Replies (1) of 11057
 
Jim, good to see your post over here, I started a position in WDC today based on T/A. Nice to see some bullish sentiment from the technical crowd.

I am also finding bullish indicators in the chip and equipment area. The pattern on CYMI appears close, but not as pronounced as WDC. I am starting to reversal patterns also on SVGI and KLIC (both I have recently started an initial position long) akin to CYMI. On any reversal will sell half to insure profits. As stated though, the chip area is not as well defined as this WDC pattern and could have one more break in the lows. I do expect to start seeing sideways action after the next low test.

Thanks for posting, you have given me some more stocks to look at. I have found your "PSYCLE" system to be very sound for investments held for a couple of quarters.

Happy Holidays

Beachside Bill
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