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Technology Stocks : Micron Only Forum
MU 256.75-2.7%10:49 AM EST
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To: Richard Russell who wrote (26724)1/16/1998 6:57:00 PM
From: TREND1   of 53903
 
RR
you wrote
(1)<<In aug TK says semi up 20% and touts mu. mu goes up 20% in about 10 days.
(2)Then he downgrades mu. Mu tumbles from its extrememly overvalued highs of 60 down to 22.>>

RR
(1)TK was just a "speed boat" in front of a "super tanker"
that when long on 6/2/97 at 43 5/8
(2) The monthly sell did not come until 9/11/97 at 41 1/4
So TK did have a "good" ride from 60 to 41 1/4 without
a monthly sell.
................................
To answer your question. How does the monthly trend change my
trading ??
Simple:
(1) I stay a "little' longer when trading with the monthly trend.
(2) I run a "little" quicker when trading against the monthly trend.
Larry Dudash
PS: It is much more fun in a "speed boat" (g)
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