David Jones;
I finished looking at a 10 yr., quarterly chart of SEG that goes back to the end of 88. It shows some interesting things. BigCharts.com
First, it shows that Sept. 1 the AD line on the chart hit its lowest point coinciding with the low of 16 1/8 and then started upward again.
So, I now believe, that we have seen a historic low for SEG. I don't think we will see it go that low again for a long time, if ever. Second, the slow stochastic indicator shows that from 1992-97 its lowest level was 45% and that happened only once and was very temporary. Otherwise it fluctuated from 50-80%. All during the period of that bubble SEG stock was in a long term up trend. On Sept.1 it hit bottom at about 15% , not seen since the end of 88. It has turned around sharply, since and is now at about 30%. So, the picture I'm getting now is that despite fluctuations, SEG has entered a new long term up trend period. Of course, still very early and this commentary bars unforseen circumstances, losses, problems, etc.. Perhaps, another good reason for a weekend on the town. It has been a long wait.
PHOTOMAN |
