Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: David Jones who wrote (6298)	11/10/1998 5:03:00 PM
From: William Epstein	Read Replies (1) \| Respond to of 7841

DAVID JONES; SEG isn't taking off like a rocket soon. Even if it did it would retrace back down because of all that short interest. Please remember what I've learned about this specialist. Tomorrow we should see something happen. This stock has done nothing since Thursday. Tomorrow we will begin to find out what the specialist has in mind and whether or not this trend will continue a little while longer. If it moves up dramatically then underlying volume will be the indicator. If it falls then the swiftness of the fall and price will be the indicator. If he tip toes across the 30 mark on light volume we might, just maybe be in an uptrend. PHOTOMAN

To: David Jones who wrote (6298)	11/11/1998 8:40:00 AM
From: William Epstein	Read Replies (1) \| Respond to of 7841

David Jones; Looking at the six mo. chart. I drew lines from the June bottom ,20° and the Sept 1 bottom, 45° and the Oct bottom, 60° to the Last Thursday's peak. The acute angle between the June bottom and the Oct. bottom is 40° or exactly double the angle from June. These angles are very regular and don't seem to be random. Next if you look at the current formation it is really the same as the June thru August formation only larger. It is really the left shoulder of a head and shoulders formation. Next the 45° and 60° angles have an acute angle of 15° between them. From experience, I can tell you the the 15° spread which forms the wedge to the current peak is about right for this kind of quick run up in price with no news or fundamental change to support it. Longer trends tend have narrower acute angles. This specialist likes head and shoulders formations. That is consistant throughout all of the charts for this stock, whether long term or short term. I believe, there may be another spike and even a third spike. This specialist has shown that he capable of doing it. However, unless he has changed his pattern completely, I don't think we're seeing the beginning of an up trend yet. You will get your chance to buy in again, if you want to. The right shoulder is always very steep. These things usually take from 6-12 weeks. In other words, they are accomplished within 1 quarter. We are at about 8 weeks into this bull run. I CAN ONLY HOPE THE DOWNSIDE ISN'T AS DEEP AS THE LAST ONE. That's the way I read it. PHOTOMAN