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Strategies & Market Trends : Point and Figure Charting

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To: Anthony Wong who wrote (12471)1/10/1999 2:11:00 PM
From: Judy  Read Replies (4) of 34809
 
Hi, Anthony

I took a quick technical look at SEG, stock should be at short-term resistance of 40-41 by earnings early next week. Mid-term target of low 50's if the forward guidance is positive.

Long-term target should be much higher and the picture should clear for SEG after another quarter or so. Stock tends go in a trough and base for 16-18 months and then runs for months once it takes off. The disk drive sector is manic-depressive like the semi equip sector is.

btw, how long do you plan to hold CBS?
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