How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 472.22

-1.3%

3:59 PM EST

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To: werefrog who wrote (42560)	4/19/2000 1:09:00 PM
From: johnd	Read Replies (1) of 74651

THE BULL MARKET TECHNICAL INVESTOR April 19, 2000 Volume 1, #5 "Off The Charts" By Barry Habib and Art Adams. "You buy, when there's blood in the streets". This was the quote made famous by Nathan Mayer Rothschild in 1815 after he gobbled up cheap stocks when the London Stock market tanked. The result was that he became the richest man in the world. This type of buying on pessimism certainly fit the Nasdaq Tuesday, as the average rocketed more than 7% amid positive earnings news and weaker-than-expected economic numbers. After last week's 25% drop, the Nasdaq has soared nearly 14% in just two days posting back-to-back record point gains. The index has moved back above its 200-day Moving Average (MA), a bullish signal for traders. The next resistance is the 50-day MA at 4,400.

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