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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Chris who wrote (31681)3/7/2002 10:09:00 AM
From: TechTrader42  Read Replies (1) of 52237
 
What was it about MSFT's chart that suggested it was a hold yesterday, that it wasn't a sell? I recall that you said in the note yesterday that they were shorter-term trades. So with a shorter-term time frame, what was logical about holding it? I would have said that the decision to hold was emotional, based on the rising indexes and the generally positive sentiment about the market (complacency, in other words).

If you don't want to pursue the topic, that's fine. But I'm very curious about it. I don't see a decision to hold such tech stocks, with their current charts showing sell signals, as a purely technical decision. I see it as a decision based on positive sentiment, which is elusive and unreliable.

Now if MSFT broke up through the 200, that would be another story. So far, it hasn't.
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