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Technology Stocks : Micron Only Forum

MU 312.15

-1.0%

3:59 PM EST

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To: TREND1 who wrote (23184)	10/28/1997 11:39:00 PM
From: Peter Shaw	of 53903

In 3 trading days, the Dow fell about 900 points total. 450 points would be a 50% retracement, so there is a bit more upside left for the strong open tomorrow. MU bounced off of that major 25 support, as it should considering the technical types who trade this volumnous beast! Two more up days max for MU according to Trader Vic's strategies/probabilities, but I don't think the broad market will cooperate. We will be retesting the recent lows going forward the next few weeks, IMO, but the 200 DMA could provide a settling point in the meantime (~7400)... Good Luck to all, Peter Shaw

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