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Technology Stocks : Seagate Technology
STX 284.47-7.7%Jan 8 4:00 PM EST
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To: Smilodon who wrote (5083)6/4/1998 6:05:00 PM
From: Tom Simpson  Read Replies (1) of 7841
 
>I don't think that is really a head and shoulders top pattern.

Good opinion and I agree with you. If that is a head, it must be from Texas. Looks more like one of those outsize 10 gallon hats in the older westerns.

And yes, it sure looks like a retest of Dec/Jan bottoms.....all over too. See WDC, QNTM, INVX, HMT, etc. Notably, with APM and RDRT a bottom just wasn't there. HTCH looks a bit healthier, EMC a lot more so, and IBM most of all.

Best.....Tom
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