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To: ratan lal who wrote (32816)5/4/1998 1:00:00 PM
From: DavidG  Read Replies (1) | Respond to of 53903
 
Ratan,

I see MU down to 30 3/4 short term. I am in at 32 and 31 5/16. I will be covering some below 31 1/2 and the rest below 31. When I went short on Friday I did not expect this morning to be at 32 although I knew I would continue to short at 32.

Therefore I take my 1/2 to 1 point profit quickly if it comes up, and the Short from Friday, I might settle for 1/4 to 3/8 profit. Depending on momentum and Stochastics there may be an upward bias developing as the volume picks up. ..but I still do not believe 33 will be violated.

Here is a chart that shows a base being built around 28 to 30. Under 30 1/2 and I will be going long and averaging down 1/3 at a time.

207.95.154.130

Good luck trading

DavidG