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Technology Stocks : Micron Only Forum

MU 249.84

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10:06 AM EST

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To: John Graybill who wrote (43084)	2/17/1999 5:24:00 PM
From: John Graybill	Read Replies (2) of 53903

"Some technology stocks will correct half of what they went up since October, for a normal, 50 percent retracement of their advances," said Robert Dickey, managing director of technical research at Dain Rauscher Wessels. "With many issues, this will seem like a very deep correction and with that possibility, you should hold off on guessing where the buy point is until after the stocks have settled down," Dickey counseled. "A general rule will also be that any stock that corrects more than that 50 percent amount will be poison, and will likely then go all the way back to those distressed October prices." cbs.marketwatch.com And this guy's running a tech tout-fest this week!

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