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Technology Stocks : LSI Corporation

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To: E. Graphs who wrote (10763)	3/10/1998 9:26:00 PM
From: shane forbes	Read Replies (1) of 25814

E: You're right that's an i/t omen, we have short term omens, all round ominous... Except maybe long term. Graphically it's interesting that LSI has a multi-year double bottom. I know the double bottom is bullish if the double bottom was developed over a short time but what if the double bottom developed over such a long period as LSI's has? Is that significant? Or is the long term nature of the shape mean that we should ignore the first bottom and call this a single recent bottom as opposed to a long term double bottom. So now we are heading for a real double bottom, a long term triple bottom or a collapse below 19. Life is fun. You know what worries me near term we have not heard any retractions of the bullish sentiment on the semis from the likes of Pru and others. At some point if this PC thing is real they will go negative and that might scare more scaredy cats out of the stocks. Life is really fun. Shane.

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