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

To: William Epstein who wrote (5585)	9/3/1998 5:17:00 PM
From: Raptech	Read Replies (4) \| Respond to of 7841

Hi William: Not really a nite owl, but being in the Pacific time zone makes it seem that way. I'll answer your question as to when the DD sector may recover with a question: When will Asia settle down and begin to turn around? It doesn't seem possible for most tech related stocks to grow until Asia begins recovery. Looking at a group of 34 storage device stocks showed that SEG was off its 52 week high by 55%. This was the 7th best performance of stock off their highs. Not a very healthy group considering 27 were worse than 55% off. It's unlikely SEG will break out of the group and, in fact, is trending negative. My charts show Bollinger at 28 so your info appears accurate. I am a novice at TA, but can confirm bearish MACD and Stochastic. I am convinced it will remain in a trading range through the next 2 quarters, unless we exceptional upside earnings surprise, which is unlikely. This one will require patience, but I do expect a reward for the wait. Rap