I've Got the 401K Political Blues Message Board

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Pastimes : I've Got the 401K Political Blues

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To: Roads End who wrote (22)	11/28/2000 7:49:49 PM
From: JEB	of 37

MSFT looks like it could run to 80 short term here to finish a reverse head and shoulder pattern with a final pull back to around 60 before a possible breakout run to test the 52 week high again (time span for this scenario is around 3-4 months, if the pattern holds). Long term buy area would be at the 52 week low (as you said) and it holds that support to form a double bottom pattern. Interesting chart here. Take into account dubya looks like the winner and oil may ease just on the fact he gets in office (because he has threatened to drill), reverse pattern should transpire but the wildcard is how far Gore will go until he gives up or wins by an ace up the sleeve trick. Then I would wait for MSFT chart to prove out the 52 week low support a third time before any rally (just to play it safe). ;-) JEB

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