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To: TREND1 who wrote (24089)11/14/1997 11:39:00 AM
From: mike iles  Read Replies (2) | Respond to of 53903
 
Larry,

RE failure of MU to rally ... my theory is that if it can't rally then it hasn't reached a clearing price ... i.e. selling pressure is greater than buying ... looks like it has to go down to some level where the bulls feel more comfortable, my guess is $15-$18 ... then the selling can clear and we can get a decent bounce ... what is interesting is that the selling is very controlled, no signs of panic .......... yet!! Any thoughts oh TA guru?

Regards, Mike