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Strategies & Market Trends : DAYTRADING Fundamentals
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To: booters who wrote (9090)6/22/2000 7:54:00 PM
From: TraderAlan  Read Replies (1) of 18137
 
boots,

The larger pattern sets up more warnings. Gap over 82 and the 200-day MA close by. MSFT completed a 100 % retracement of its last decline with the rally. That often sets up a reversal. The 20-day Bollinger Band had price out the top band all day today.

I sold my 1-year MSFT position yesterday at 81 3/4. A stinking 3 pt profit after 12 months of hell.

Now I can hate Billy like everybody else <g>.

Alan
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