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Technology Stocks : How high will Microsoft fly?
MSFT 492.01+1.3%Nov 28 9:30 AM EST
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To: johnd who wrote (1560)6/14/1997 11:02:00 PM
From: Ibexx   of 74651
 
johnd,

For whatever it is worth--the technical indicators as of 6/13 give out uniformly positive signals: MACD, OBV, DMI, Accumulation/distribution, RSI, etc.

While I never buy/sell stocks on technical signals alone, the apparent convergence of technicals and fundamentals (i.e. NT price increase) does give me a higher degree of confidence in speculating future price actions: it is my opinion that MSFT will be traded higher on 6/30 than it is now.

Again, I reserve the right to be wrong or to modify my views should the macro environment change.

Regards,
Ibexx
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