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Strategies & Market Trends : NetCurrents NTCS

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To: Teresa Lo who started this subject	10/11/2000 11:26:56 AM
From: ig	Read Replies (3) of 8925

Well, for what it's worth, I took a long position in MSFT today. This is starting out as a daytrade with a tight stop, but could become a longer-term hold if it shows a profit by the end of the day. I've been watching it closely since mentioning its weekly chart here. Today it showed a lot of strength in the face of the tech selloff, so I picked an entry based on an intraday MACD-related chart setup that has been very good for me. I'm in at 54 13/16 with a daytrade stop of 54 1/2. If that stop is taken out, I'll look for reentry later. ig

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