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To: TREND1 who wrote (49298)10/15/1999 12:32:00 PM
From: Patrick Koehler  Read Replies (2) | Respond to of 53903
 
Larry - My computer also gave me a major buy signal, the first since late June, when MU was less than 41. That, plus the possibility of the 70 strike factor, I went long this morning at 67 5/16. I thought that I posted this earlier, but I must have closed the window instead of hitting the publish button.
I will remain a little cautious until we are past the 4th Monday in October. The big market down days seem to occur on Mondays. The following are some of those dates, with the % decline to the intraday low:
Monday, August 31, 98 -6.37%
Monday, October 27, 97 -7.20%
Monday, October 5, 92 -3.22%
Monday, August 19, 91 -3.56%
Friday, October 13, 89 -7.26%
today, down 2.35% at the low of 10,045.
Patrick



To: TREND1 who wrote (49298)10/16/1999 11:27:00 AM
From: Zeev Hed  Respond to of 53903
 
Larry, I have a close above $72.75 as the signal for the resumption of the scenario, time is not of the essence, only price and volume. A close under $66 will indicate to me further delays in the scenario and a test of the high 50". I was on the road last week, so I put in a GTC at the lower part of that range (66.25) before I left. I'll be selling if it seems a close under 65.75 is imminent, but reserve the right to bail out if the market shakes continue early next week (which they most probably will).

Zeev