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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: pcyhuang who wrote (53615)9/8/2011 10:34:25 PM
From: Return to Sender1 Recommendation  Respond to of 95480
 
I think there is enough volatility in the market right now for Jacob to do okay short term. I'm not entirely sure that his timing is quite as good as it might be but with enough volatility that simply will not matter.

If the $VIX rises 10% above it's 10 day sma I would cover the short position for sure. If it gets 10% below I would consider going short myself. If the market trend improves I would consider going long period but right now the trend is still down:



So far MU looks pretty good for further gains as a long but as anyone can see looking at this chart it really has not accomplished much yet turning back the previous downturn:



Overall the market matters more than MU. If the stock market rises then MU could be a leader. If it falls more then there is no chance MU will do well. None.

RtS



To: pcyhuang who wrote (53615)9/9/2011 9:50:49 AM
From: pcyhuang2 Recommendations  Read Replies (3) | Respond to of 95480
 
MU Continues to Rank #1 in a Week-Long Period

In the latest week-long period, MU continues to rank #1 in terms of market strength among tech stocks.



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