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To: Investor2 who wrote (4299)1/4/1998 11:26:00 PM
From: John Chalker  Respond to of 10921
 
Re: MU Chart, Shorts with profits would consider covering their positions after looking at the MU chart. If it doesn't look attractive to short now, with a low risk/reward ratio, then the shorts would be thinking about exiting. The double bottom at 22 and a break of the downtrend channel mean a transition is in the works. This doesn't necessarily mean an immediate uptrend, but it would be awfully tough to break below 22 from here. Technically speaking.

Chalks


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