Micron Only Forum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Micron Only Forum

MU 412.90

-5.7%

1:49 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TREND1 who wrote (22860)	10/24/1997 11:41:00 AM
From: Peter Shaw	Read Replies (1) of 53903

Larry, Two items of TA which I will respectfully disagree with you on... ;-) 1. The Mother of all trend lines was actually broken when we dropped below 40. Drawn from the absolute bottom in 1996 through the low preceeding the highest high. Anything of longer term is meaningless IMO due to the cyclical nature of the industry. 2. A selling climax occurs on high volume. As you do not follow volume, I would agree that a very short term bounce will ensue when this technical chart breach finds support. Mere short covering, and a handful of bateman followers who believe it's time to head consistently higher. Show me 7-12 million shares on a drop, and I'll believe that all the selling pressure is probably gone! Thanks for the continued emails and posts. Your contributions are greatly valued! Cheers, Peter Shaw

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next