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Technology Stocks : Micron Only Forum

MU 241.14

-6.7%

Dec 12 9:30 AM EST

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To: TREND1 who wrote (27762)	2/4/1998 7:59:00 PM
From: Thomas G. Busillo	Read Replies (1) of 53903

Larry, after updating my sheets I noticed one other interesting parallel that fits in with the "it's Deja MU all over again" theory. I like using the 7-day Williams %R as my goto oscillator. My sheets are showing a slight divergence after today's trading. MU trades up, but the Wm%R ticked up while in an overbought condition. That's not necessarily unusual in and of itself, but volume of >10 mil. shares puts 2-day vol >18 mil., for me, a rough "serious short covering/throwing in the towel" threshold. Can you guess the date of the last time MU traded over 18 mil. shares in two days AND showed that type of divergence on an up day from an overbought Wm%R? date vol change Wm%R close 970805 10856200 + 4 5/8 4.95 56 1/4 970806 9163000 + 1 1/8 12.71 57 3/8 (reverses on +; breaks 10) 970807 8672300 + 1 11.11 58 3/8 (higher, but WM is > on 8/5) 970808 5889100 - 1 5/8 23.14 56 3/4 (breaks 20 threshold) 970811 5256000 - 1 5/8 44.13 55 1/8 970812 8368800 - 4 5/8 92.73 50 1/2 970813 23762900 - 7 7/8 94.90 42 5/8 (Kurlak nukes it) 980203 8503000 + 2 9/16 4.96 37 13/16 980204 10232400 + 3/16 11.81 38 (reverses on +; breaks 10) The problem here is - no Kurlak to nuke it. But I still think we're close to where the covering stops pushing it up. Good trading, Tom

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