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Technology Stocks : Micron Only Forum

MU 237.16

+4.6%

Dec 5 9:30 AM EST

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To: mr. who wrote (6068)	12/13/1996 4:31:00 PM
From: Louis DeMartini	of 53903

The month is half over and it has been a draw so far. We are about the same place as Dec. 1. Congrats to those who have played the 2 point swing on either side of 35. I am sure you have all looked at the chart until it is etched in your mind. I see a monthly chart that usually shows at least a five point move from begining to end. When that does not happen (flat) a change in direction took place. This combined with the high volume this week and a failure to hit 40 so far is starting to make the month look like a turning point down. Even a close at 35 on Dec.31 would signal a top meaning that we will have to test 28-30 before going up again. My play (from a bullish perspective) is to wait out the month. MU will end the month at 35 and wait for 97 chip expectations. The news from the far east is consistant with earlier news that the new fabs will not have the management to compete in a tight market. The market MU is already in. Louis DeMartini

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