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To: TREND1 who wrote (30039)3/12/1998 7:35:00 PM
From: DavidG  Respond to of 53903
 
Larry,

The last three days, in the downward/upward channel, are very interesting. First time I noticed a consistant behavior between the channel t/a and the support/resistance t/a...Now we have two shopping days til the eps announcement which channel will it follow????<g>

I think it would be fun to see who can guess the next two days trading for MU and will it follow the channels or the support/resistance points.

DavidG



To: TREND1 who wrote (30039)3/12/1998 7:53:00 PM
From: Amjad  Respond to of 53903
 
Larry, your channels are spaced by 5 points, might get a better indicator if spaced by two points which is the avg. daily spread for MU.

With a two point spread, we are looking at a 33.625 to 34.375 range for tomorrow. I'm thinking of trading within this range.



To: TREND1 who wrote (30039)3/13/1998 7:30:00 AM
From: Patrick Koehler  Read Replies (3) | Respond to of 53903
 
Larry, as you know, I have been watching these two channels all week, and MU just continues to squeeze into that triangle. I think with the breakout of this and the reaction of the earnings, either up or down, MU could move 5 points up or down in the coming week. I just would like to know which way! <gg>
Patrick