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To: Stephen M. DeMoss who wrote (29421)3/4/1998 11:37:00 PM
From: Richard Russell  Read Replies (1) | Respond to of 53903
 
Steve,

I almost agree with ld resistance but see it abit lower more like 31 to 31.5 with a possible interday spike close to 30. I'm shor too at about 34.625 would like to ride it down a ways but am still nervous.

>> I'm wondering where Mu may get more support from below 313/4. <<

IMO the large short position will continue to make this sardine pop up and down hopefully on a down trend as shorts cover and re short. Basically if this continues to go down resistance level will be dictated by the psychology of the shorts. RR