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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (2683)	12/22/1998 8:35:00 PM
From: Carl R.	Read Replies (2) \| Respond to of 99985

I don't follow the formations at all, actually. As I said, someone asked about a cup with handle a few days ago, and I happened to bump into a picture of one, so I posted it. I trade based on fundamentals, long term cycles, and use neural nets for short term timing. I am bullish on MU short term for a couple reasons. First, last time Kurlak knocked MU down it recovered the next day. Second they are announcing earnings, and I expect them to be pretty good. Of course this is already priced into the stock, so it will probably be a "buy the rumor, sell the news" situation. And thirdly, I am bullish because my computer tells me to be. I am trying to get today's action updated so I know if I should still be bullish for tomorrow, but I am pretty sure nothing will change. As for a target, I have none. I will bearish when my models switch over. As for traditional technical analysis, I am pretty much a skeptic, but I am reading the thread to see if I can learn anything useful. Carl