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Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: tom rusnak who wrote (47356)	7/29/1999 11:15:00 AM
From: John Graybill	Respond to of 53903

I'm betting that They'll head back to close the 52-55 gap and "refuel" before They go for $78, rather than going directly from here. The magic number for the regular convertibles is $87, and they'll want to get that one out of the way as well. The SignalWatch guy whom I like signalwatch.com (check him out ASAP) has been talking about DJII 10850 for weeks, and we're significantly below it today (10777 as I write). His theory is that a break of either 10850 or 11200 (I think) means it keeps going for a couple of hundred DJII points in the same direction for a while. Won't take long to see if he's right, and, if DJII is going down, if MU goes down with it.