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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Bryan who wrote (23064)	11/3/1999 11:28:00 PM
From: stan s.	Read Replies (2) \| Respond to of 108040

MU, I wouldn't want to go against the trend of the SOX here. MU picked up an upgrade a couple a days ago and doesn't have an earnings report coming out for awhile. So unless you think there is bad news coming...I'd wait till it hits resistance and fails around 85...or wait to see if it fills that "gap from" at 67 3/4 and how it responds. I think we'll know when this leg up is over, the inability to maintain higher successive tops and bottoms. We (exchanges) just turned some tops that beat previous tops (just previous, not records except Naz and SOX etc.) and we may test support within the coming days...but no reason yet for me to think that support would fail. I'd be very careful shorting techs here...advacing volume killed declining last week and today advancing stocks easily outnumbered decliners... 6 month out puts is a different matter but I don't really look that far forward. Good luck, Stan