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Technology Stocks : Seagate Technology
STX 279.35+0.3%Nov 7 4:00 PM EST
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To: David Jones who wrote (6286)11/9/1998 4:33:00 PM
From: William Epstein  Read Replies (1) of 7841
 
David Jones;

Are you in SEG as of now? One more thing. This specialist likes to
turn the stock around on Wed. If its going down he will reverse it and go up for the rest of the week. If it goes up early in the week he reverses and goes down. It usually two up and three down or two down and three up. Right now the stock is directionless. Wed. we should see some action that gives us the direction for the week. Last week was an exception for reasons already stated. Not all of it is in charting. Before you trade you have to watch a stock for 6mos. to a year and figure out what that specialist's patterns are. They're pretty clever. They know there are characters like us lurking out there and they work diligently at trying to hide their moves before they make them but they all have individual patterns or a certain logic and rhythm to them. It takes time to spot it. What I described above is only part of his pattern. The candlestick chart begins to mean something after you have watched a specialist for some time. Otherwise, it can be confusing and serve to camouflage his moves. I'VE BEEN WATCHING THIS GUY FOR 2 YRS. I wish I had watched him before buying. I would be in the black instead of the red right now. If you are a day trader, knowing your man becomes very critical to continued success. Pick 3 or 4 stocks and watch them till next summer and you will begin to see what I mean.
PHOTOMAN
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