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Technology Stocks : Seagate Technology

STX 259.14

+2.1%

Nov 19 4:00 PM EST

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To: secrus2 who wrote (6937)	2/25/1999 8:56:00 AM
From: William Epstein	Read Replies (1) of 7841

Valerie Evdvkimov; Regarding your concern for the market in general. I did another TA for the whole market because of concerns expressed by yourself and others. I use the Mclellan Oscillator and Summation Index as my general measurement. These indexes measure advance/decline ratios. The Oscillator shows that the market is not going anywhere soon. In fact, it shows that it may be another 2-3 mos. before we see a powerful rally upward. The market is not really oversold but is under water. The Summation Index is bottoming out and is just beginning to turn upward. It usually takes about a month to get to the zero line then another two months to rally to a peak. Conditions should improve by the end of March and the rally should be in full force by the end of April. Until then, rough sledding, NO REAL DIRECTION. Seagate is a laggard but I think we will see it move up in April. PHOTOMAN

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