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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: TREND1 who wrote (22417)8/1/2001 10:58:38 AM
From: orkrious  Read Replies (3) | Respond to of 30051
 
MU just made a new monthly higher high.

Well, despite sweating bullets, I haven't covered anything yet. I think this is another example of some putz (putzes?) trying to call the bottom, sucking in longs and getting shorts to cover, while the smart money sells and business continues to deteriorate. My bet is we finish on the lows of the day. I hope it is not just wishful thinking.

Jay