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


To: E. Graphs who wrote (17571)3/30/1999 1:58:00 AM
From: contax  Read Replies (1) | Respond to of 25814
 
E.G.,

I don't know about candlesticks but as far as Point and Figure charting is concerned, LSI broke a triple top today and that is extremely bullish. Not only did it break a triple top (actually it was a spread quadruple top, an even more bullish sign), but in the past couple of months, LSI had been forming a sort of a triangle on P 'n F chart. Once LSI prints 30, it will have broken out off of this triangular pattern which in PnF charting is usually an explosive move!

So with a break of a triple top and an impending break off from the triangular pattern, all signs point to a major upside move in LSI.

I believe that LSI is poised to print 30 and we are off to the races.

BTW, these signals are seldomwrong...

Regards,
Karim