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Strategies & Market Trends : Point and Figure Charting

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To: The Perfect Hedge who wrote (13603)2/5/1999 2:27:00 PM
From: Jorj X Mckie  Read Replies (1) of 34811
 
Beebs*,
Don't have MU, but have had NVLS for a few days and got UTEK yesterday (also have AMZN and AOL puts).

MU reversed down and broke one double bottom on the way. Went down to support at $67. No support until $50 if it breaks $67.

The sector is overbought, so it could still have some downside, assuming that the market still wants to move down.
JXM
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