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To: TREND1 who wrote (47965)	9/3/1999 1:13:00 PM
From: zsteve	Respond to of 53903

Larry, thanks.

To: TREND1 who wrote (47965)	9/3/1999 1:36:00 PM
From: John Graybill	Read Replies (1) \| Respond to of 53903

I just can't resist, I went short at 79 1/8: - We're extended pretty far from my trendline. A return to my trendline any time in the next week would go all the way to 73 or so. - A tip of the hat to DavidG, who noted the long-term monthly trendline with peaks at 95 and 80. The value for this month would be 77.44, so we've met that. We're a little above it, but it's within the "noise" area when the time span is four years. - The rise today is with the rest of the market. While the rest-of-the-market-They's were ramming everything down the past couple of days to load up on the cheap, MU was the beneficiary of more touting. The MU specialist has got to be just about out of stock, compared to the DJII guys. Note also that we have a holiday weekend coming up, and the DJII rise today was straight as a board. That kind of stuff usually doesn't stick. - "They" gave Tuesday's victims a chance to get out after just a couple of hours without having to declare bankruptcy. That's not the usual pattern for a toutfest ramp job -- usually They make your ears bleed for three or four days if you're on the wrong side. (I don't believe that the jobs report would have been known or leaked as early as Wednesday.) In any event, this would be day four. - I'm not betting on a Monday short-squeeze because any self-respecting long-term short at least covered, and probably went long, back at magic 67 (at the latest!). That signal was just too damn hard to ignore.