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To: TREND1 who wrote (34626)6/9/1998 11:07:00 AM
From: ratan lal  Read Replies (1) | Respond to of 53903
 
next resistence is 25 5/8. after that none till 31 1/2....



To: TREND1 who wrote (34626)6/9/1998 11:40:00 AM
From: DavidG  Read Replies (1) | Respond to of 53903
 
Larry,

I just had a thought. If MU were to close at 25 7/16 right now, it would have undone in 4 white candles what was previously done with 6 black candles. That kind of messes up this white candles thing. Also at the rate of movement these white candles, 16 of them might bring MU to 35 to 40.<g>

207.95.154.130

Maybe we need some good T/A bears out there to help us out with this problem. Maybe the real question should be "How many white candles does it take to get back to 32+"...or maybe how many weak bears does it take to cover their shorts and push MU to 32+?

Is there such a thing as a T/a bear?<vbg>

Good Luck Trading

DavidG