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

To: William Epstein who wrote (7052)	3/10/1999 3:18:00 PM
From: William	Read Replies (1) \| Respond to of 7841

Photoman: On Feb 22, in post 6912, you said: << I posted this on the other thread earlier today. My TA indicates that last Wed. the stock probably made its bottom. SEG is resuming its uptrend. For those that are interested this is a good time to buy. YOU'LL BE VERY PLEASED IN APRIL. If the stock is in an uptrend it won't stay at this level for too long. TA: Looking at Big charts.com Looking at a 10 year weekly chart, using the 3 line SMA set at 60 days, the stock went through the 120 day SMA line but just pierced the 180 day SMA. When the stock is in a long term uptrend it never goes below this line. It bottoms when it touches that line. The 180 day SMA line is just above 30. This is a strong indicator with history behind it. PHOTOMAN >> Now we know that 30 wasn't the bottom. Since the 180 SMA was grossly pierced and remains well below, just what does this mean? Does it mean that the stock is NOT in a long term uptrend, since when it is it never goes below this line. From November of 1997 through October of 1998, it remained below that line. It recently was above but was unable to maintain this. I am very confused, you seem to be giving conflicting information. Could you help me out here and let us know what this means. Thanks. William