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Technology Stocks : Micron Only Forum

MU 362.75

+7.8%

Jan 16 9:30 AM EST

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To: TREND1 who wrote (32917)	5/5/1998 6:50:00 PM
From: DavidG	Read Replies (1) of 53903

Larry or Pat, I don't remember which one of you observed this 5 day behaviour, but it was a nice call. Anyway MU is looking real good on the charts. If I was a "forever bear" I would be getting real nervous by now. Certainly my palms would be getting real sweaty.<g> It looks like 33 is getting real critical now. Not only did MU not break the uptrend line yet, but it has broken the 20 day ma a while ago, it has recently broken the 50 day ma, it has the 10 day crossing the 50 day ma, and now it is making an attack on the 200 day ma...and this looks like where the 33 point is. My guess is that if MU breaks 33 on decent volume...say 5 million shares...then MU will take off like a rocket. I know some, OK maybe most, think the fundamentals do not look good going forward, but technically MU looks dangerous to the bears.:-) Good luck trading this week it may just get verrryyy inntterestting. DavidG

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