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Technology Stocks : Micron Only Forum

MU 237.16

+4.6%

3:59 PM EST

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To: Land_Lubber who wrote (43374)	3/1/1999 6:49:00 PM
From: John Graybill	of 53903

I think it is -- it's one of those self-fulfilling prophecy things, everybody "knows" it's supposed to go down after it breaks the 50-DMA, so everybody sells, and viola, it goes down. I think the real move away from the 50-DMA traditionally happens after it makes a stab back toward it. If it fails to break through and stay above it, then it's dumpola time. (Check out MU's break and brief re-test just a few days ago.)

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