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Technology Stocks : Micron Only Forum
MU 333.34-1.4%3:59 PM EST
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To: Kok Chen who wrote (34016)5/29/1998 4:32:00 PM
From: DavidG  Read Replies (1) of 53903
 
Kok,

Well...maybe you are right I don't have the ability to prove or disprove your unusual assertion. I was only able to check back 3 months on Telescan chart and MU didn't put in any dojis during that time....just mostly red candles.<vbg>...maybe Pat can check that out, he is the keeper of ALL MU data.<g>

In general a doji preceded by a red candle signifies a bottom and a high probability of white candle to follow.

...red candle again...SOXX sold off at end dropping below 260 and down 3% but MU down only 1%. Don't know when the white candle or doji will occur, but when it does I would venture to guess the bears will run for cover in droves.:-)

I think the specialists and Market makers were nervous about a nuclear holocaust over the weekend.<g> Especially with the advanced technology of India and Pakistan.<ggg>

Good Luck Trading

DavidG

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