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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (38190)	12/5/1998 9:47:00 AM
From: JHP	Respond to of 132070

MB here's a birthday present for you courtesy of Clearstation:Micron is pulling itself over resistance at 48. 48 should now act as a zone of support. Prices have cupped the 13-day EMA and are now starting to lift off. A fairly cheap exit if prices fall back below 48 and a definite exit if prices breach below the 13-day EMA at 45. The recent base of the past 4 weeks looks to be over. It is encapsulated well by the macd lines - a gentle slope down after the fast line hit the ceiling in early November. The MACD lines are now both starting to curl their way back up. This suggests a new leg in the uptrend is underway. Note the green trending bar was pulled down during this base. Thats not a big deal. A green bar being pulled as a stock bases is not necessarily an exit point. And again, short term strength plays out in the 13-day EMA supporting the stock. Also, the 13 day EMA has did not started to point downwards. The quick assessment on short term strength is the direction of the 13-day EMA and the relationship of prices to the 13 day EMA. During this 3 week base, volume has tailed off. There is absolutely no evidence of selling. Volume during the base mirrors the action in the MACD lines in that the trajectory has been down. The Stochastic lines are starting to navigate back towards the upper reference line. Note that stochatic has been somewhat jerky during the past 2 weeks. This is due to the fact that prices have been fairly volatile and have tended to close at or near the high end of large intraday price moves. The stochastic algorithm is sensitive to closes at or near the high or low end of intraday trade. Looking for strongly directional price action and a quick entry in the 50's. Price target is 60 in two weeks. That is aggressive but follows the tendancy of the stock to act decisively when it starts to move within the confines of a macro uptrend. kensey See the annotated graph of this recommendation at: clearstation.com +-+-+-+-+-+-+-+-+- Recommend emails are a powerful way to get investment tips as they happen from the ClearStation community. If you would like to UNSUBSCRIBE, go to clearstation.com Copyright (c) 1998. ClearStation, Inc. All rights reserved. ClearStation is neither an investment advisory service nor an investment advisor and does not purport to tell or suggest which securities Members should buy or sell for themselves. Members should always check with their licensed financial advisor and their tax advisor to determine the suitability of any investment. ----------------------- Headers -------------------------------- Return-Path: Received: from rly-za01.mx.aol.com (rly-za01.mail.aol.com [172.31.36.97]) by air-za01.mail.aol.com (v53.20) with SMTP; Fri, 04 Dec 1998 16:08:51 -0500 Received: from limbo.clearstation.com (limbo.clearstation.com [206.79.247.48]) by rly-za01.mx.aol.com (8.8.8/8.8.5/AOL-4.0.0) with SMTP id QAA22289 for ; Fri, 4 Dec 1998 16:08:20 -0500 (EST) Received: (qmail 10295 invoked by uid 122); 4 Dec 1998 20:30:25 -0000 Date: 4 Dec 1998 20:30:25 -0000 Message-ID: From: ClearBot@clearstation.com To: "Subscribers of kensey's recommended list" Reply-To: support@clearstation.com Subject: (ClearStation) Recommendation : MU (Long) by kensey regards John