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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: donald sew who wrote (12065)7/18/2001 11:12:24 PM
From: SpecialK  Read Replies (1) of 52237
 
Will MSFT be the straw that breaks the camel's back? The stock has rallied from low 40s to 70 since January. This is a 50% retrace from the 100 to 40ish drop. If you believe the market is headed lower, there is no other stock that can have this effect as great as MSFT. In the Dow, SP and Naz.

Evidence is on their positive pre-announcement last week. Huge one-day rally.

If it can fall back to 62ish, it will likely head below 50.
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