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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: yard_man who wrote (31071)	3/24/1998 1:12:00 AM
From: John Graybill	Read Replies (1) of 53903

Barry you're gonna be waiting a long time for 31 1/2 IMO, MU has we've just spent Day 4 decidedly below the 50-DMA, which is dropping a little bit each day. Even the 20-DMA is starting to breathe down its neck. I was thinking that the cross of the 200-DMA and 50-DMA was going to be the big chart event, but it's looking like a cross of the twenty and 50 will happen first. At that point, the 20 will drop faster than the 50 and we'll see if Big Money can think up any reason to fake it above the 20 for any length of time at all. With window-dressing coming up in one week, I doubt they're even gonna bother.

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