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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Dealer who wrote (43787)	11/1/2001 3:41:43 PM
From: Dealer	Read Replies (2) of 65232

From SS: Posted by dabum3 To the thread: As MSFT goes, so goes the NASDAQ. I was reading John Murphy, a chartist who often appears on CNBC, and he indicated that the NASDAQ has been led up and down by MSFT. In the past four years, MSFT has been a good indicator in determining the direction of the NASDAQ, and it's been a leading indicator at that. This four year chart should help confirm his thoughts. siliconinvestor.com. The "monthly" chart of the NASDAQ is showing a bullish reversal signal. The monthly chart is important for long term investors and is especially important to institutional investors. The Stochastics are turning up and the CCI Indicator is showing momentum is rising. stockcharts.com[h,a]mb... Since we're looking at the monthly chart, and it takes time to turn those indicators around, I would assume we shouldn't take its implications too lightly. No predictions here, just some food for thought. MSFT is also showing a bullish reversal signal on the monthly chart and it's a strong bullish indication at that. The CCI Indicator clearly shows momentum rising. Here's MSFT's monthly chart. stockcharts.com[h,a]mhcl... dabum

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