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Technology Stocks : Micron Only Forum

MU 284.79

-0.7%

Dec 26 9:30 AM EST

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To: TREND1 who wrote (34661)	6/9/1998 4:42:00 PM
From: DavidG	Read Replies (1) of 53903

Larry, Yes the momentum dropped off near the end, but, that is sometimes normal on low volume. This was an outstanding day today for MU with the low of the day at the open and the close 3/8 off high. 207.95.154.130 Tomorrow will be the real test. Right now the bears do not believe the rally is real but they are going to spend a rough night tonight wondering if they are right(or wrong). My guess is they will re-evaluate and many weak hands will cover tomorrow and that will test the short position. If volume picks up and shorts cover we will then start the short rally tomorrow. I am still looking for that test of 28 to see if the rally continues or stalls. Now we have a fourth white candle today. But those 4 candles reclaimed the loss of the last 8 black candles. Hmmmm. What does this mean in Japanese? Did Mike B say he understood Japanese.<vbg> We definitely need a T/A bear to offset the candlestick books, which indicates a very bullish signal. Three white candles in a row are three white soldiers but 4? Sounds like an Army is being put together.<g> Here is the graph, but todays white candle is missing: 207.95.154.130 DavidG

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