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To: TREND1 who wrote (35895)	6/30/1998 9:55:00 PM
From: Wayners	Respond to of 53903

I'm back and I'm looking to short MU again. Seems to me the uptrend line from June 18 to June 23 has been violated. Add in ATML and Kurlak statements seems like a shoe in to get to down a few points over the next several days. Entry target would be around $25 even tomorrow morning.

To: TREND1 who wrote (35895)	6/30/1998 10:40:00 PM
From: Zeev Hed	Respond to of 53903

Larry a similar philosophy has worked for me often, but I always add, out a stop loss at least below the last break out. Because this often get you into whipsaws, I have modified the strategy to enter strong stock (that periodically make new highs) on retracement to the last support (usually the last break out, but not always) and then use a stop loss, this way, when I am stopped pout (and unfortunately I am stopped out about 30% of the times before a profit is made (but the profitable trade keep getting their stop losses raised, like MRK were my SL is up to 111 and that is more than a four year run now from the low 40'). I use a similar tactic in weak segments that I think might have a good rally coming (like the semi for the next few weeks despite, or possibly because of Kurlak). With this group I get my head handed to me more often, in a whipsaw fashion. Today I got kicked out of LRCX at 19-5/8, but the pain was not so bad since I just bought it around 20.5, hopping that the support will hold-tough luck). Together with these principles, I am using my turnips' magic powers to let me know if indeed we are getting into a rally or into a dead alley. Right now they are all gang ho for the next four weeks, at least, but come August, they have already notified me to be a little more Jewish (I mean worry a lot (VBG). Zeev