Micron Technology (MU)

[JLS]

Hard to tell at this point.

$SPX is still in a rising channel and rose a little today, but there hasn't been a significant correction since late December. For that reason, I wouldn't be surprised to see a test of SMA(200). By that I mean that SMA(20) comes down so that it tags SMA(200). I would like that since I've been out of the market for several days (though not exactly by choice). And I would like that for other reasons too.

My feeling is that since $SPX has been going mostly higher since late last year, it should probably have a more significant correction in order to take some of the pressure off which, if not released, will ultimately result in a more disastrous correction later. So, let's have a bumpy ride now in order to avoid a crash later.

I always liked to climb trees as a kid. I always felt more comfortable climbing higher when there were strong branches lower for me to land on should I slip and fall.

I've essentially been out of the market since early Monday. I sold all my stocks on Monday morning; but as it turned out, that was a huge mistake as I would have made a whole lot more if I stayed in. In the mean time I've been screwing around with new computer hardware.