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

To: MythMan who wrote (31919)	4/9/1998 12:28:00 PM
From: DavidG	Read Replies (1) \| Respond to of 53903

Pete, With a breakdown of support at 28 the next support level is 25. It is reasonably strong support. The only thing I would caution anyone on at the moment is yesterdays violation of 28. First, it was on low volume, which usually means without high volume, there is no conviction, and it may still be at support level. Second, it was an intraday violation not a closed day violation. So from the chartist point of view MU is still sitting on support. One a high volume day, with a close of at least 3/8 below support, then the support is violated. If not than there will be movement back up toward closing the gap of 30. Support and Resistance violations are always tricky, but when they decisively occur... run with them b/c the technical herd will certainly be doing it. DavidG