Papa,
I was just speculating on a possible sympathy move. If the box makers DELL(+4%), CPQ(+7%), GTW(+1.25%), and MUEI(+9.75%) move up strongly again tomorrow on DELL's earnings I would expect a bit of a sympathy move in the chips that go in those boxes, not to mention the MUEI connection. People might figure that the "memory chip prices are firming" rumor might actually be true, see how MU has "recovered" since June, and figure MU just might be headed back to 56. I'm not betting it will happen, nor that any of the above logic is right; I just won't be surprised if that's what happens.
If MU does get pulled over 36, does that then turn into support? I don't know, but I bet Thean or some other TA guru here might have something to say about that.
Alski |
