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Technology Stocks : Micron Only Forum

MU 241.08

-6.7%

Dec 12 3:59 PM EST

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To: Skeeter Bug who wrote (24325)	11/21/1997 12:25:00 AM
From: Tim McCormick	Read Replies (3) of 53903

Bug, be careful about being too bullish here. Dow is near down channel resistance now, and tommorrow could be strange. Not only do we have option expiration but there are scheduled 20 IPOs, a new one day record. With that kind of calender scheduled, you kind of have to wonder if the major houses weren't buying index futures today. Also, SOX is still in a big downtrend even though XMI has bounced. And for an historical tidbit of the day, in 1929 the utility average set a new high two weeks after the market topped.-O- Tim

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