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To: TREND1 who wrote (29367)3/4/1998 5:07:00 PM
From: Patrick Koehler  Respond to of 53903
 
Larry - responding to your following post:
Patrick
Do you have any studies that shows MU opening Up (like 34 3/4) , and opening down (like 32 7/8), etc.etc.....
trying to get traders to the side lines before making a good 10 point move ????

I have studied MU gaps in the past, and why they did. The only one that comes to mind with ~10 pt moves was Kurlak Aug 5, 97. MU closed at 51.58 the previous day, gapped up to 52.5 on opening, and hit 60.06 two days later. Then on Aug 13, 97 (only 6 days later), he did a 180. MU closed at 49.75 the previous day (following, I think, a Paine Webber downgrade), then Kurlak spoke, MU gapped down and opened at 44, and hit a low of 41.25 within one day.
I now have "Kurlak charts" for his touts since Jan 1, 97. I save my Telescan charts every day, and have printed charts surrounding his actions.
I want to go back and study other source upgrades/downgrades, as occurred today.
Patrick