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Technology Stocks : Micron Electronics (MUEI)
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To: manny t who wrote (3623)12/18/1998 8:25:00 PM
From: SMALL FRY  Read Replies (1) of 4074
 
manny t,

Just got back in, have been playing taxi driver for the kids... looks like MUEI may have something after all. Although we ended down from the previous day's close, I am heartened by the market action. At the very least, we did not go further down with the late trader selling pressures. Stochastics on a 15 min ticker is down to almost 20; on a 10... 15. If I'm not mistaken most daytraders watch these two very carefully. My guess is that we'll see a wave of buying early Monday. By the way, this compares with stochastics of 84 + yesterday at the close which meant sell for the short timers.

Not time for rejoicing yet... but it's breathing real hard.

Regards,
SF

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