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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 (6217)	11/4/1998 10:03:00 PM
From: David Jones	Read Replies (3) of 7841

W.E: Below 23 is what I was seeing but damn that's a ways from here! I suppose if retail sales this Christmas disappoint a drop like that could very well happen and your MM could justify it also.<?> What I see today is the gap up. Gaps almost always get filled. So short term SEG could back off to 28 and bounce around awhile, might even see 27? The only other POSSIBLE big turn around signal if a signal at all? Would be what I'm looking at here. The +DI at or above the 50, in conjunction with a MACD peak or high above the 0. It also trends off with the lower band. "I'm not sure what the ADX is saying here, though??" This holds true for July and August price peaks but falls apart for the end of September high? Interesting to me at least is the price high at the end of September and the subsequent highs and lows on October 8th, 13th and 15th were indications to me that SEG could be starting an upward wedge pattern and a different trading pattern all together. The wedge never developed because the price didn't correct off the 26 area but took off; as well you know. Was I looking at trees and not the forest? Well, I guess this all means squat now with the price is on the roof and any charting I do, will depend on the next low. Which as I mentioned at the start of this long pile of BS may be 23. After all it's as good a number as the next.) I'll stand back and watch and learn. Now about all the upgrades, where were they Friday? I guess professional analysts don't want to risk their reputation until there is strong confirmation of their thinking. Like the price shooting off the scale. Good luck all, you deserve it. Your a good thread, no complaining or sniping just open dialog. Have a Day! Dave

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