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Technology Stocks : Seagate Technology
STX 278.47+1.0%Nov 6 4:00 PM EST
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To: William Epstein who wrote (6196)11/4/1998 11:38:00 AM
From: David Jones  Read Replies (3) of 7841
 
W.E: If a MM is going to short SEG would you look at the bollinger bands as to where his/her target low is? What I'm looking at is the bands on a 4 and 6 month charts. Right now the lower band on SEG is showing on my chart to be some odd 21 and change which of course will adjust up but is quite a spread.
I suppose nothing can be taken from the bands until the trend breaks but it's getting interesting.
The moving average is also interesting because of the gap up. Looking at the chart history.
If the fall is coming {?} I'd have to think it'll be rapid.
BUT what the hell do I know I bailed to soon. I think I'll let things lay and go have breakfast with my friend Prudent Fear.))

Have a Day
Dave

ps: I'm just a touch skeptical of this market, how quickly we forget.
Like memories a strange thing. For instance, women and child berth. If they remembered the pain from the first would they consider having a second?
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