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To: TREND1 who wrote (48766)9/29/1999 11:09:00 AM
From: AurumRabosa  Respond to of 53903
 
"...the Major Trend will turn bearish..." That's music to my ears ;-)



To: TREND1 who wrote (48766)9/29/1999 12:17:00 PM
From: John Graybill  Respond to of 53903
 
Larry, I'm seeing some warning signs as well:

- The 20-day simple moving average today is about 77.7, and it looks like we are going to spend the day just barely, but entirely, below it. Except for that pre-expiration scam two months ago when we hit 55, we haven't spent a whole day below the 20-SMA since we were rattling around the lows at the end of June.

- The 20-SMA itself looks like it's peaking today.

- I've seen a lot of buying at almost every point down from 78 for the past couple of days, which stops the drop for a while, and then it continues down. If those are buy stops being hit on the way down, we're running out of buyers.

- Two jumbo blocks today -- 238K @ 75 7/8 and 150K @ 74 15/16. Note how they kick in just below the "buy stops", if that's what those were. (Are they watching the 20-SMA too?) Whether they were buys or sells, both times we were lower than those values within minutes.

- No re-it's in what, two days now? :-)

The low of 74 1/4 from that magnicently constructed day-long "V" a couple of days ago is what I'm watching closely now. I think breaking that would be the final straw.



To: TREND1 who wrote (48766)9/29/1999 1:27:00 PM
From: Zeev Hed  Respond to of 53903
 
Larry, I wonder if HAL and the Turnips are talking over the "ansibles", the turnips have a major delay in the scenario if we close under $74.5 (they just raised by $2 buck their SL), they also are calling for a delay if we do not get above $87 by October 15th.

Zeev



To: TREND1 who wrote (48766)9/29/1999 3:12:00 PM
From: Skeeter Bug  Read Replies (1) | Respond to of 53903
 
>>Hal indicates if MU closes below 75 3/8 today the following<<

why not 75 1/2 or 75 1/4? ;-)



To: TREND1 who wrote (48766)9/29/1999 3:52:00 PM
From: Michael Bakunin  Read Replies (2) | Respond to of 53903
 
Say it ain't so! I wanted to fill one last put order over 80. <g> -mb



To: TREND1 who wrote (48766)9/29/1999 4:09:00 PM
From: TREND1  Read Replies (2) | Respond to of 53903
 
WOW !
Having traded 4 times today, need time to run computer
program. Will post later today.
Larry Dudash