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

To: E. Graphs who wrote (14239)	8/16/1998 11:09:00 PM
From: Moonray	Read Replies (1) \| Respond to of 25814

[OT (not really, direction of averages WILL affect LSI stock)] E., I do not trust your "pristine" charts. Says market will most likely not be oversold (top chart) until 2-year up-channel is broken (bottom chart). Anyway, I have gone to my long term charts now. This is because I have been on the verge of calling the market "BEAR" for a couple of weeks now. Problem is, I was also on verge last fall and a year ago last spring. The averages held, and recovered. Consequently, I am a little gun-shy to call this a bear market until the averages have convincingly broken their 200-day moving averages. Current conditions: DOW just under 200-day: quicken.excite.com NAZ still a ways above the 200-day: quicken.excite.com The DOW and NAZ have pretty much moved in tandem: tscn.com Ain't much good happening here: decisionpoint.com Don't get me wrong, some hi-tech stocks (like the kind we own) have gone down 30-70% from last fall, their own bear market. On the other hand, a one or two-year's bear market could bring the DOW to 6000 with not too much trouble. One could well imagine a LSI at $5-10 along with other babies in dishwater. I truly believe everything should be examined very carefully here for a bear market condition, but I feel it is still too early to declare the greatest bull market in our lifetime is dead. o~~~ O