Trend Setters and Range Riders Message Board

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Strategies & Market Trends : Trend Setters and Range Riders

MSFT 481.72

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Jan 28 3:59 PM EST

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To: j g cordes who wrote (15272)	4/9/2002 3:31:38 PM
From: milesofstyles	Read Replies (2) of 26752

pg my 2c with a penny rebate...it looks like a sideways consolidation, usually... they break in the direction of the current trend. i posted a chart under stockwerx5. click on the link to see pg. i've drawn in what appears to me to be an upper channel that seems to be holding it back. i also added an orange dotted horizontal where i would guess the bottom of the consolidation is. i've also included two uptrend lines you can monitor, one accelerated and one as the low end of the large channel. i don't think you can put a lot of weight on volume based indicators during a consolidation, volume should be dropping off during such a period i guess. fwiw, i still have acc/dist above a 30per moving avg, hope it helps. chartwerx.com milesov

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