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To: David Jones who wrote (6322)	11/13/1998 4:13:00 PM
From: William Epstein	Respond to of 7841

David Jones; You are stating the obvious with which I fully agree. Have you noticed that sometimes, its right out there in front of you? You don't have to hunt for new answers and yet people do it anyway. With respect to SEG I agree with that too. I think we're seeing the beginning of an uptrend but that still doesn't mean that the price won't drop off precipitously, at some point but the lows will be higher lows and the highs, higher too. I don't expect the specialist to change the way he does business. Remember, I said this run up could take, as long as, 12 weeks. We are completing the 9th. week. This has been a long bull run. That too, is a good indication by itself. The 60 and 90 day moving averages have moved up from 23-24. I checked the slow stochastic indicator today and it is beginning to bottom out. So I would expect another small run up sometime, next week. However, that's my just speculation. It is now 3:55 PM ET and the stock is about 29, exactly where I guessed it would be several weeks back. If the stock drops off next week or the week after then the next bull run will go over 30 and the drop off after that would be into the mid 20's. The Fed is behind the yield curve but the economy is very steady so, it doesn't matter much, what the Fed. does. Asia sucks. They are as corrupt there as the South Americans are. Its a grab bag. They can't change their cultures but we don't have to float them either. Our theory is, if we develop these countries then they will end up being good customers for American products and we expand our world markets. Bullshit. Have a good weekend. PHOTOMAN

To: David Jones who wrote (6322)	11/13/1998 4:51:00 PM
From: Stitch	Read Replies (1) \| Respond to of 7841

David, <<Longer SEG stays at these levels the better. The bottom just keeps coming up. >> I agree. It is trading differently IMO. I thought perhaps the INTEL announcement would cause it to break out, however. <<Things here are fine, screw Asia. >> An understandable comment but not very pragmatic IMO. <<My opinion = 0.00>> I disagree. best, Stitch

To: David Jones who wrote (6322)	11/16/1998 4:33:00 PM
From: William Epstein	Read Replies (1) \| Respond to of 7841

David Jones; I finished looking at a 10 yr., quarterly chart of SEG that goes back to the end of 88. It shows some interesting things. BigCharts.com First, it shows that Sept. 1 the AD line on the chart hit its lowest point coinciding with the low of 16 1/8 and then started upward again. So, I now believe, that we have seen a historic low for SEG. I don't think we will see it go that low again for a long time, if ever. Second, the slow stochastic indicator shows that from 1992-97 its lowest level was 45% and that happened only once and was very temporary. Otherwise it fluctuated from 50-80%. All during the period of that bubble SEG stock was in a long term up trend. On Sept.1 it hit bottom at about 15% , not seen since the end of 88. It has turned around sharply, since and is now at about 30%. So, the picture I'm getting now is that despite fluctuations, SEG has entered a new long term up trend period. Of course, still very early and this commentary bars unforseen circumstances, losses, problems, etc.. Perhaps, another good reason for a weekend on the town. It has been a long wait. PHOTOMAN