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Technology Stocks : LSI Corporation

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To: Fred-beaches who wrote (16822)	2/2/1999 6:39:00 PM
From: FNS	Read Replies (2) of 25814

herb: Re: >Sorry the bounce off number is 25 1/4 not the 26 1/4.< 25 1/4 is technically correct if you're using intraday trading ... many guys chart from closing numbers, and I found that useful for determining true breakouts. Regardless, I'm back to using simple Point and Figure (P & F) charts with X's and 0's based on 3 unit moves...so that's where I see the 25 number for LSI. If it holds in here then that's fine; then we can test the previous 28 top, the higher 29 top, and then potentially breakout at 30... However, given this DOWN market, LSI could very well drift down to 21 support and still maintain a bullish trend. Many stocks got beat up today. Let's see which ones will bounce back the quickest when the market turns north! With CSCO beating estimate only by a penny, I'm not too happy. FNS

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