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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Ephraim F. Moya who wrote (3939)	9/14/1999 6:26:00 AM
From: Eric P	Respond to of 18137

I traded MU early in the morning of the 8th and made a half a point. I then re-entered MU with a two point trailing stop. I had to leave for a couple of hours and when I returned I found my stop had been taken and the price had continued to drop a total of about 6 points. => Sounds like a screaming endorsement for usings stops! Good work. -Eric P.S. I'll try to take a look at the price action of MU when I get to the office later this morning.

To: Ephraim F. Moya who wrote (3939)	9/14/1999 8:34:00 AM
From: TraderAlan	Respond to of 18137

EFM, Look at 2/4/99. On 9/7 and 9/8 MU completed a double top by printing the same high. Sellers are very common at these points. Very good rule: sell the second top, buy the third. Alan

To: Ephraim F. Moya who wrote (3939)	9/14/1999 10:04:00 AM
From: Ken Adams	Respond to of 18137

I don't daytrade, so I may have a very different perspective on MU than many others. At first glance at a daily chart of MU the first thing I see is clear evidence of "Hurst" style cyclicality. What he would call a nominal cycle of about 18 days shows up immediately (plus or minus about 2 days). I didn't take the time to actually do a count on this, but I don't think I'm very far off. What's more, it looks like it just may have put in another bottom yesterday (Monday). Didn't look at it this morning, though. Ken