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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?

To: LK2 who wrote (4332)	9/3/1998 9:36:00 AM
From: Mark Oliver	Read Replies (3) \| Respond to of 9256

08:57 ET Quantum Corp. (QNTM) 12 11/16: Bear Stearns upgrades disk drive maker from "attractive" to "buy."

To: LK2 who wrote (4332)	9/3/1998 11:10:00 AM
From: Gottfried	Read Replies (1) \| Respond to of 9256

Larry the Cheerful, the way things are going we'll all become day traders before long [no pun]. Technical indicators (percent of stocks with a buy rec as given by Point and Figure TA) are much worse than they were at the bottom on Oct 29.1997. The only strong group is utilities. I wish more of us were willing to watch these indicators, as they cover the market itself (NYSE) and about 40 groups and are easy to understand, yet give quantifiable info. Updates occur once a week from my source (Dorsey/Wright). Here is yesterday's data courtesy of Bruce Edelstein: exchange2000.com All you need to know is that the percent refers to the number of stocks in the group having buy recs. Adherents of the method watch for a 6% reversal before buying in. Gottfried