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To: Edmund Lee who wrote (32387)4/22/1998 11:05:00 PM
From: TREND1  Read Replies (2) | Respond to of 53903
 
Edmund Lee
You wrote
<<Since the Accum Distribution line tell us that buyers are accumulating. >>

I disagree with you here !
Buyers are not accumulating.
Buyers are buying to cover their short positions.


Sharp rallies must be considered this way in the beginning.

The true accumulating has occurred some time ago at lower levels
and will happen again at a later date.

If the "big money" really feels this is going to be a good upward
move in MU, then some kind of UP CHANNEL will develop over time.

But today was mostly short covering of a portion of the 44,000,000
shorted shares.

Larry Dudash