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To: Elwood P. Dowd who wrote (40330)12/17/1998 11:24:00 AM
From: Kenya AA  Respond to of 97611
 
El: **OT** Re IBM and MU...

IBM is currently building a nice base between 165 and 170. Volume today doesn't look strong enough to convincingly push it over the 170 breakout point. Average is 4 mil. Been keeping an eye on it myself.

MU had a failed breakout on 12/3 - breakout point was 48. Base was only 3 weeks long. Looks like it's taking another shot at a breakout today - better chance 'cause base is now in 5th week. Current volume 3.8 mil - average is 5 mil. If you're looking to trade or hold for a while, MU looks like the better candidate today.

As always, JMO.

K