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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 691.72-0.1%Jan 16 4:00 PM EST

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To: dppl who wrote (9141)11/11/1996 4:23:00 PM
From: Clint E.   of 69822
 
Thomas,---on MU puts--- I would hold back right now on MU puts. What's the hurry? SOX was up almost 5.5 points. Like I told Judy today, MU is going to go higher before lower, in my opinion.

Not knowing BTB, let's assume it is a good #. Lots of analysts are getting behind Semis, even MU. NAZ wants to go higher. Many stocks are breaking through their old resistance levels(by the way, this is as good as making new highs in my opinion), money managers are looking for low PE stocks to invest,.....

Judy thinks that MU's true resistance lies at 34-35. Let's wait until it gets there. I think it will get there, if BTB is bullish and Dell's earnings is good.

Take Care;

Clint
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