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Technology Stocks : Micron Only Forum

MU 286.68

+3.8%

Dec 24 12:59 PM EST

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To: DJBEINO who wrote (23299)	10/30/1997 5:15:00 PM
From: yousef hashmi	Read Replies (5) of 53903

TO DJBEINO: I HAVE BEEN DOING SOME T.A. work on the semi's, if anyone is famaliar with the wyckoff method of t.a. they will see that the recent retracement in all the semi's is perfect to the cycle. this pull-back is setting up for a major bottom in the group. the price action over the last 2 years is in line wity this methodology. the move on the semi's in july period is knwn as a creek, we come back and test the lows made in june 96.THIS pattern is part of the accumulation phase of a stock. mu move to 60 is perfect and the move back to 25.mu is setting up for a major move over the next 2 years of past the old high of 95!

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