David - I agree, that 33 should be very strong resistance on up side. On the downside, I see the support at 28, then 25.
Looks like the last NYSE trade is 31 7/8, which means it did not break the 50dma on a closing number.
I checked "the tape" for the short squeeze today, and noted the
following: At 12:45, MU traded at 29 1/4, and at 2:57, MU traded
at 32 1/2, up 3 1/4 points in 2 hours and 12 minutes. That is an
MU short squeeze! It has happened before, and will happen again. I
just prefer to be on the proper side of the move.
Now what I need to stomp on my bleeding wounds, is for an
analyst to pile on tomorrow with an upgrade. <gg>
Patrick |
