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Technology Stocks : Seagate Technology
STX 320.32+2.6%Jan 15 4:00 PM EST
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To: TEMFASSBAL who wrote (6953)2/26/1999 4:43:00 PM
From: William Epstein  Read Replies (1) of 7841
 
TO ALL;

For all the hoopula the most important news came at the end of the day. The news about the all the indexes, for the week, is that they finished out flat. Almost no change in the DOW, S&P, NASDAQ and the Russell 2000 for the week. This is very important news because they indicate the the market is at its support level. It is bottoming. All of the lows were intraday lows. The classic sign of a series of rotating bottoms. Today it was the Techs. Why, because they lead the market. They are the first to bottom so they can lead the market upward in April. Some call this TA but I consider it fundamental information. One does not have to be a technician to understand it.
The bond market has turned a corner too.
PHOTOMAN

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