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To: Galirayo who wrote (110782)12/29/2004 2:01:04 PM
From: Shack  Read Replies (4) | Respond to of 209892
 
Been tracking MU ray and there is a very good chance that it goes back to the top of this 5 month consolidation and sees $13, but beyond that is a low odds play for me right now.

The mess since the August low looks anything but impulsive, it could be some unreadable basing pattern I guess but thats a distant alternate for me right now. The stock will have to get above $13.25 for me to think its doing anything more than what I mentioned.



To: Galirayo who wrote (110782)12/29/2004 2:19:44 PM
From: bcrafty  Respond to of 209892
 
Ray, yes HOV is another one of those 7% success stories

I only mentioned that study earlier because I happened to be thinking about it. While many talked about that story for months after it first appeared, I never have seen anyone mention it again; I'd particularly like to see the author do an update to see if his percentages have changed. I'm thinking they may have after considering the rally since 10/02 (for example, look at some of the internets - YHOO, ASKJ, AMZN, etc).

And I'm glad to see that someone else feels that CMF is significant beside me. I feel like kind of a loner here using that indicator. <g>

I'll keep an eye on those you mentioned, and Happy New Year to you, too!