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Technology Stocks : Seagate Technology
STX 288.00-2.0%Nov 11 4:00 PM EST
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To: William Epstein who wrote (6283)11/9/1998 1:42:00 PM
From: David Jones  Read Replies (1) of 7841
 
W.E: I cant tell if it's a shorting spike or plain common sense, trading wise. I do think the moving average is the place to look for a confirmation as to where SEG's heading. 27 on the year chart, 26 on the six month. I'd have to think there's short interest moving against SEG if it trends below these prices. Also could trigger a bunch of profit taking.

But in fairness I cant really tell where SEG is going without a few more days of trading to look at. It could very well strengthen and move sideways.

I do think the 5 or 15 min chart is good to look at, but I see Big Charts doesn't have this option? [reacquainted myself with that site this morning] "Try using icq.com's charts they show a delayed minute chart."

On the 5 & 15 min chart the small move +0 on the MADC this morning is a bearish sign imo. Because it is quite smaller that the -0 from Fridays MADC. Either on the bull or the bear, this signal usually helps to indicate trend.
But of course the day isn't over yet.

Have a Day; Dave

ps: Have you seen any cheap charting apps where one can download or have downloaded the daily numbers and set personal perimeters etc.

Most of the apps I've seen lock you into a pricing that makes it prohibitive for a cheap #astard like me.

Lately I've been spammed by 'cybercorp' and 'stockWiz' both touting there wares. But no time to check them out.

Which reminds me I'm kind of rushed here, hope this makes sense.
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