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Technology Stocks : Micron Only Forum
MU 284.79-0.7%Dec 26 9:30 AM EST
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To: TREND1 who wrote (23371)11/1/1997 10:23:00 AM
From: TREND1  Read Replies (1) of 53903
 
Why does the present down channel have toÿ break out to the upside ?
ÿ
Simple:
MU=38.81 10/13/97ÿ
MU=25ÿÿÿÿÿÿ 10/28/97ÿ
That is 11 days or 1.25 per dayÿ
.................................................................................................ÿ
25 divided by 1.25 means MU=0 in 20 more days (g)ÿ
................................................................................................ÿ
Some times "common sense" is all it takes.
...............................................................................................ÿ
Notice on chart that when a "breakout" happens,
(1) It is sharp.ÿ
(2) Lasts only a few days.ÿ
(3) And if you can catch it....very profitable (g)ÿ
........................................................................................ÿ
Also notice that as the days "in side" the present channel increasesÿ
the pressure for the break out increases...you can almost feel it (g)

Larry Dudash
PS: The chart above was email out today. Having trouble puting it
on my web site. ÿ
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