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


To: William Epstein who wrote (6126)10/30/1998 10:35:00 AM
From: David Jones  Read Replies (2) | Respond to of 7841
 
OK so we agree.
I'm, looking for a turn around at or about a point above yesterday. So far I'm not disappointed if it trends through the day it hasn't broken my imagined pattern.
Dave
ps: I've a couple apps that can handle the line drawing. I'm faster with a pencil but I never thought of the calculated angles before. Thanks



To: William Epstein who wrote (6126)10/31/1998 11:48:00 AM
From: William Epstein  Read Replies (1) | Respond to of 7841
 
David Jones;

Looking at a 2 yr. chart for SEG. The 50 day and 200 day moving averages have converged at the end of Sept.. This is usually a good indicator that a stock is making its bottom and is troughing out. However, on the negative side Barrons shows that the SEG specialist added more than a million shares, short from 9/15-10/15. He has added more shorts, recently. Using the last report, short interest should be above 7 million shares. Judging by volume, Friday may have been a shorting spike. In any case it is coming soon. He may have one more big down swing left.
PHOTOMAN/William Epstein