The 56 Point TA; Charts With an Attitude Message Board

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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Cube who wrote (19304)	7/12/1998 3:41:00 PM
From: Doug R	Read Replies (1) of 79281

Cube, EDIT EGGS isn't going to get back to that high all in one move. The short here would be a 6 or so point scalp of the volatility that comes with being a new MIMBO coupled with the nature of a short squeeze to develop a nasty demand vacuum at the top of the squeeze. Give it about 15 or 30 minutes tomorrow to see if it has topped out. A stop would be set at the high for the day. I expect a gap up then CRRRRAAASSSHHHH!!...a quick drop of at least 6 points. BTW, CNBC floated the idea that a squeeze may be under way on MU. If true, it would last for several weeks. Doug R

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