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To: TREND1 who wrote (24999)	12/10/1997 4:41:00 PM
From: DavidG	Respond to of 53903

Larry, << I dare you to go to my web site and look at the lastest daily channel of MU It starts at 60 1/8 ..................................... Look at today's action ! Tell me if you have the "nerve" to go long after looking at that chart ! >> <ggg> Quite frankly I do not know how to use the channel charts to identify support and resistance points for trading. I believe it is a great visual aid for me to use for trends as does point and figure and candlestick. I just can't see any predictive behavior over and above trend. Maybe you can help me out... would not want to miss out on learning something. With the channel starting out at 60 in August and 30 mid nov MU should hit "0" by Feb or March. I see a support and possible reversal at 22 if MU earnings and conference call does not upset too much. Very short term the 22 to 25 will be a narrow trading range until earnings. I will buy 22 to 23... if it breaks 22 I will cut my losses and buy PUTS as you suggest. This works for me...but maybe not good for others.<g> Thanks for info DavidG

To: TREND1 who wrote (24999)	12/10/1997 5:03:00 PM
From: DavidG	Read Replies (1) \| Respond to of 53903

Larry, Just another point. I do not hold on to MU for very long...kind of like a "hot Potato". I sometimes only trade for fraction gains and may only hold on to MU for mintutes. As an example I was long MU a number of times today between 23 9/16 and 13/16. I have no long or PUT positions at end of day. I usually end the day that way. In fact I went long early this morning at 24 3/4. When MU went through 24 5/8 which was a s/t support, I was able to get out at 24 and 9/16 for a small loss. Then I got MUMEs and rode it down until MU met support and then went long. Its a lot of trading but a lot of Profits. It mainly comes from the volatility of MU and the panic and overreaction of the bulls and bears. Teach me what you know and I will try to show you my approach. I find with MU it is one of the very few stocks I can consistently beat the market. good luck trading DavidG