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Technology Stocks : Micron Only Forum

MU 237.16

+4.6%

Dec 5 9:30 AM EST

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To: Skeeter Bug who wrote (24315)	11/20/1997 5:09:00 PM
From: DavidG	Read Replies (2) of 53903

Skeeter, Tomorrow is expiration...as you know...if MU decisively goes thru 26 tomorrow and monday then the next overhead resistance is at 29. If it breaks 29 than there is the good ole 33 level MU has suffered with for 2 years. I do not expect 29 and especially 33 to be violated without a little basebuilding. We may see a little pullback of 1 to 1 1/4 pts tomorrow because it was so far ahead of SOXX...and then a followthru so I expect it to retest 26 and then 29 this year. I believe the 25 day MA is just under 29 so you can see how critical that can be. Christmas rally may have started so..."so you better watch out.... ...Santa Claus is coming to town" Good Luck Trading DavidG

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