Larry, I have not been on thread today, because my computer has been neutral, so I have been researching the past two years of TK, as I save my Telescan charts daily.
As to the down channel, I have the top line a little higher than you, with today at about 36. I feel that MU remains in the down channel.
I have been waiting patiently for a sell signal, so that I can go short, and MAY get it late today.
I'm happy to see more traders. RR is trading. Chas is close to a trader, and like his volume of options.
The downside is, we all can not trade together or we effect the price. As much as MU trades, it sometimes gets a spread as much as 1/4 and volumes of 2000 or less moves the price. Some of my market orders have split prices now, and will get worse as my volume grows.
I try and place my order when I see the volume at the bid or ask bigger than my order, hoping to get it, but sometimes, it is grabbed before mine, and I get it 1/8 point worse than expected.
Anyway, I remain biased to the downside, and hope to go short by tomorrow morning.
Patrick |
