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Technology Stocks : LSI Corporation

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To: E. Graphs who wrote (14635)	8/31/1998 11:30:00 AM
From: Moonray	Read Replies (2) of 25814

[OT] Actually, my call was for EXTREME caution as the long-term bull may have been switching over to a BEAR market. This happened. Your call for a market crash may have been quite keen..... So what now? Well actually, one sees that the first leg of the bear is about complete. DOW now under 8000, next support at 7600: quicken.excite.com NAZ now under 1600, next support at 1500: quicken.excite.com Conditions are ripe for bear market rally. What we need is CONFLUENCE. Last week brought a TRIN (ARMS) of 4, a TIC of 1800, couple days of NY & OTC approaching a billion shares, tech leadership finally getting their come-upance, individual stocks way over sold. Problem was that these events occurred on different days during the week. We need a washout day where the TIC goes to -2500 and a redux of the other events. Today the bearish pattern continues. We should get a "flooding through stop-losses" bottom this week. What do you think of the big charts now that some of the dust has settled? o~~~ O

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