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Technology Stocks : Micron Only Forum

MU 253.17

+6.4%

3:59 PM EST

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To: jimbo who wrote (51085)	4/6/2000 4:58:00 PM
From: Land_Lubber	Read Replies (1) of 53903

Since you are open to opinions, I'll offer mine ... MU has been quite respectful of its 2-sigma channel for the past few months. The current down channel starts from the all-time high and drops approximately $2 per day. MU has been clinging to the top edge of this downchannel most of the day, and has closed right on the upper edge. The bottom edge is at about 106.5, and dropping $2 per day. If MU breaks through on the upside tomorrow morning, it will be a strong signal to go long. This is unlikely in my opinion, but I thought so Wednesday morning too and failed to buy the breakout (big mistake). However, I still feel MU is more likely to start a downward path towards the channel axis, and ultimately (possibly) the opposite edge. The point is that any significant up or down move early tomorrow will likely signal continued motion in that same direction. Land_Lubber

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