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Technology Stocks : DELL & MU from a TA point of view ONLY !
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To: TREND1 who wrote ()4/2/1999 1:05:00 PM
From: John Graybill   of 36
 
I love a forced-march that begins on the hour and goes through the rest of the day, whether it's up or down. It almost always reverses the next day. Sometimes it not only retraces the whole original fake movement, but continues in the opposite direction.

(Micron on the already-described drop of 3/30 was a perfect example; note that it began at 2:15 that day because of the FOMC meeting.)

Friday's example in the broad markets (beginning at 2:00) was doubly worthwhile because They ran it down hard five minutes before it started. That says that they knew it was coming. We'll see how long this "put-up" job lasts on Monday.
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