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Pastimes : ASK Vendit Off Topic Questions -- Ignore unavailable to you. Want to Upgrade?


To: brk who wrote (18374)1/19/2001 4:52:55 AM
From: Walkingshadow  Read Replies (1) | Respond to of 19374
 
brk,

I would also be very hesitant to short MUSE. Look at the chart with the long-term moving averages, and you will see that it is in a basing pattern now:

askresearch.com

MUSE has given no clear evidence of failure at the moving averages, though it is encountering resistance there. Also, there are technical buy signals, though MUSE is rather overbought. There are no technical sell signals at all. There a very real possibility that MUSE could break to the upside from this consolidation phase; volume remains strong, bears having more difficulty driving it down now.

Until MUSE breaks one way or the other accompanied by appropriate technical signals and volume, I wouldn't trade it either long or short.

JMVHO.............

WS