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To: Lucretius who wrote (5819)12/4/1998 3:37:00 PM
From: MythMan  Read Replies (2) | Respond to of 14427
 
can we do it before Dec expiry?



To: Lucretius who wrote (5819)12/4/1998 5:09:00 PM
From: Copeland  Respond to of 14427
 
With the Bovespa closing only 1% down, you're probably right, if
they bother to devalue at all.

Looks like the holiday spirit will hit the markets next week.
We should get a nice small rally back to 9200 before we head back
down. 9000 seems to be the base.

Interjunk is dead money until earnings season rolls around again, IMHO.




To: Lucretius who wrote (5819)12/4/1998 7:09:00 PM
From: The Ox  Respond to of 14427
 
OT: for MU followers:

Clearstation:

kensey' has recommended MU (Long)

'kensey' said:

Picking up Micron (MU).

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