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Technology Stocks : MICRON TA ONLY
MU 370.11-11.8%1:00 PM EST

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To: TREND1 who wrote (88)11/3/1998 11:53:00 PM
From: Estimated Prophet   of 214
 
Larry, SOX was down more than the market today. It was down over 2.5% when MU was up slightly. In this situation, does SOX tell us what Mu will say tomorrow or in the near term? Seems to confirm your overbought call for the short term. Tough for me to be bullish on MU at these prices, and I wonder if SOX down confirms the overbought condition, or is faking me out. I'm flat on MU but feeling the urge to go short(my usual MU timeframe is 2-3 day trades).

TIA

EP
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