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Technology Stocks : MICRON TA ONLY -- Ignore unavailable to you. Want to Upgrade?

To: John Graybill who wrote (30)	10/30/1998 9:38:00 PM
From: DavidG	Read Replies (1) \| Respond to of 214

John, There is nothing technical about TK's touts. He is just an opportunist who usually chooses to say something right before options expiration on overbought or oversold stocks. This results in overreaction by momentum players that just drives the stock into a vacuum. Efforts to manipulate a stock has nothing to do with what we are trying to do in discussing technical behavior. The technicals eventually reflect all fundamentals and analyst touts. DavidG

To: John Graybill who wrote (30)	10/30/1998 9:43:00 PM
From: John Graybill	Read Replies (2) \| Respond to of 214

The crossing of the 15-day EMA and the 30-EMA is a very good indicator of a trend change, for MU at least. By the time they cross, the trend has already reversed, sometimes significantly, but it still catches a lot of the move. Note that sometimes the big move itself causes the cross, so using 15/30 doesn't catch giant 1-day reversals that change the trend. Entering a trade when the EMA's are starting to converge after MU has broken significantly away from the 15-day EMA, for higher profits, is left as an exercise for the reader. Note that as of this 10/29 graph, we are even more extended than we were back on the similar Goldman-inspired run back from Dec 1997 to Feb 5, 1998. bigcharts.com