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To: Robert who wrote (43749)3/12/1999 6:07:00 PM
From: John Graybill  Respond to of 53903
 
That was a textbook flatline -- my notes say that MU traded between 50 3/8 - 50 3/4 for nearly *three* hours, starting at 11:22. I'll be jumping to go long any time I see it that flat for that long. Pretty much a dud when it went this time, though, yeah. I don't mind being wrong, but it's nice to know that nobody got burned on it. <g>

But Monday's a new day as far as my flatline observation is concerned. We have these two new pieces of news that might be used to jack MU around one way or another, plus the weekend for everybody to read about how DJII 10K is just one big buy program away, etc, etc. And I'm still waiting for some bomb to drop (literally or figuratively) to explain the insanity of the 52-54-52 round trip that started at 3:58 yesterday.

I still think a run to the high 50's by Friday expiration is our destiny. Maybe this would coincide with DJII 10K -- signalwatch.com specializes in DJII speculation.