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To: DavidG who wrote (30485)	3/17/1998 9:52:00 AM
From: TREND1	Read Replies (1) \| Respond to of 53903

Davidg I think the shorts will play with shorts. There is money to be made here ! I was listed as a "buyer" today ! But I was "covering" Larry Dudash

To: DavidG who wrote (30485)	3/17/1998 10:44:00 AM
From: John Graybill	Read Replies (3) \| Respond to of 53903

As of last night, the 20-day and 200-day moving averages have been within a nickel or so of each other at about 34.40, and flat as a board, just like MU has been for the past month. The 50-day moving average is about 32.75 and rising maybe 5c per day. To many TA folks, a cross of the 50-day moving average and the 200-day moving average is a very significant signal. I myself see its validity being a self-fulfilling prophecy, but it is what it is. In MU's case, the last time this crossing happened was about six months ago at 35 or so on the way down. In hindsight, it seems that Big Money actually steered it straight up for no reason whatsoever except to fool a bunch of longs as they forced that crossing, because MU never had a chance from that point down to 22. I will be watching the 50- and 200-DMA's very closely the next few days. When (1) we see them cross, and (2) MU spends a day below the 50-DMA after the crossing, the net is gonna have an El Nino of downgrades falling from the heavens. I see the crossing as inevitable within two weeks. Fido and friends will have a lot of explaining to do if they are holding this one on March 31, and they don't like explaining. But I will max out my credit cards and go long if it doesn't happen and MU closes above a the crossing, because the only thing stronger than this TA is a failure of this TA. The amount of time and volume of MU spent jacking around at 33-35 has built a level of support/resistance that could last for months. Easy charting of MU over any time period, with three MA's of your choice, at investools.com