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

To: TREND1 who wrote (48409)	9/18/1999 11:02:00 AM
From: Tony Wang	Read Replies (2) \| Respond to of 53903

I think the daily chart on MU looks very bullish. The second high of 84 is higher than the first high of 82 is a bullish indication. Weakness is usually indicated by failing to touch the first high. In this case MU exceeded by $2.00. A sign of strength. I think MU will take out the $84 high on a 3rd spike to a new high before the next consolidation. In fact the whole semi-conductor train has reversed course since the low sept. 98 when TXN gave MU its production capacities plus money ($750mm) in return for stock. That will be the multi-year low for the Industry when we look back in retrospect from the future. Question is how far can it go? That is a question for top pickers. To make money though, one should recognize the direction of price-movement and get on board.