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Technology Stocks : Micron Only Forum

MU 223.79

+7.9%

Nov 24 3:59 PM EST

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To: Patrick Koehler who wrote (27291)	1/28/1998 2:53:00 PM
From: Rick Smith	Read Replies (3) of 53903

Interesting Technical Analysis. I believe we will see 32 3/4 or lower at some point tommorrow. My work is done with bollinger bands that I have tweaked a little from their original format. They showed a short sell signal today at any price above 34 7/8. My system has been developed for short term trading and has proven quite reliable in the past. I am now short 4,000 MU for the next couple of days. Will cover regardless of price by Thursday at the latest. By backtesting this system on the MU chart over the past 2 years, I have a 92%+ probability of being correct. It's tough getting any better than that, although things can and do hapen. Trade at your own risk. Good luck to all. I'm only here for a couple of days. R..

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