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Strategies & Market Trends : Steve's Channelling Thread

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To: TREND1 who wrote (24192)	8/16/2001 11:24:28 AM
From: Lane Hall-Witt	Read Replies (2) of 30051

Some one once told me that MU knows what the general market is going to do a day in advance. Interesting observation. MU is unbelievably overvalued, but it's where all the speculative big money goes to play -- and so it probably does in fact know where the market is going a day in advance. I've been watching it today, also, wondering if it's giving off a buy signal for the general market. I don't trust the signal yet and am currently flat, but strength in MU always makes me wonder, especially when it shows green in the face of a downward revision of numbers (Pru cutting FY2002 EPS from 0.65 to 0.15). finance.yahoo.com

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