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Technology Stocks : MICRON TA ONLY

MU 419.69

-4.1%

Feb 3 3:59 PM EST

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To: Chas who wrote (90)	11/4/1998 11:11:00 AM
From: Thomas G. Busillo	of 214

Chas, beat you by a teenie <g> The FA/psychologist in me is thinking that the seasonal factors my continue to drive it... ...but I like the set I'm seeing on the TA (and on the most basic TA level, absolutely we're risking a breakout). Bollinger Band penetration with higher highs and the peaks on the 9-day RSI and MFI tracing lower tops. High 1 High 2 (7/10) 30 (7/15) 31 7/8 3 sessions later +6.25% (8/3) 34 3/4 (8/7) 36 7/16 4 sessions later +4.85% (9/21) 33 5/16 (9/25) 34 3/8 4 sessions later +3.18% (10/29) 40 1/8 ? Today would be the 4th session following the first high. On average, it's had a follow through of 4.76% over High 1, which would translate into a high of 42.03. Take the highest 2nd high (+6.25%) and that comes out to 42.63. Each of those times, it traced back to its 20-day SMA within 4 sessions. Projecting the slope, I'm thinking 37 1/2-38 within 7 sessions (given the bullish psychology). Of course, there's a part of me thinking, "forget all that; why are you risking the possibility of an upside breakout and why are you net short in this market?" <g> Good trading, Tom

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