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Technology Stocks : LSI Corporation -- Ignore unavailable to you. Want to Upgrade?

To: E. Graphs who wrote (14187)	8/12/1998 10:55:00 PM
From: akmike	Read Replies (2) \| Respond to of 25814

E. Welcome back! I hope you had a great vacation. You and your excellent posts were missed; in fact Jock caught hell for becoming such a large %age of the thread while you were gone. <gg> It's been a long time since I read my Edwards-Magee tome on TA but I seem to recollect some "measuring principles" for the extent of a move off a reversal pattern. Would you characterize the LSI chart as either a rectangular or multiple bottom reversing pattern? If so, what are the measuring implications for the upside? If Shane and Jock are correct fundamentally,(which I believe)then I'd be interested in how much trouble these shorts may be buying into.

To: E. Graphs who wrote (14187)	8/12/1998 11:52:00 PM
From: Moonray	Read Replies (1) \| Respond to of 25814

E., seriously doubt it. Cable Modem chips very much different from those LSI supplies to Cisco for their big GSR 12000 series router. A good thought though. Wonder if this is also good for LSI? While you were gone, LSI's price got me real disturbed. On 10/28/97 it bottomed at 18 5/8, on 12/12/97 at 19. A perfect triple bottom was set up on my Point & Figure chart on 8/5/98 if LSI could just keep from touching 18 1/2. It went down to 18 5/16. Now I don't know what to think! Maybe a chart with a forgiveness clause? The next mark down is not so far, the 17 bottom on 7/24/96 after the big '95-'96 drop. What say your tea leaves? o~~~ O