Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: TechTrader42 who wrote (34974)	4/27/2002 1:04:09 AM
From: sean sanders	Read Replies (1) of 52237

As far as MSFT goes ... I was 'hoping' my limited knowledge of t.a and a bounce would come into play with MSFT. While I did have a decent picture of the weekly/daily/60 min/15 min in my mind of the chart I was thinking that perhaps we would turn here and continue up. I cant say I know a lot about the market; I feel I know enough to be dangerous; now to whom and to what that's the real question. My point is; in the past I have found trendlines to be somewhat forgiving; meaning if we squint a little and it still appears we are following the trendline then the pattern may still be true. Never the less; I gambled on a bounce with MSFT thinking the weekly support would hold. Also I should mention my previous trading experience was before the bubble and terrorist pop. Things were not so gloom and doom and every little thunderclap wasnt seen as a terrorist with a 3 ton bomb tied to his back. Bascially my feeling is MSFT was ready to go up today; but the NAS and its friend the NDX or QQQ were not reading to go up. Also there were not enough buyers to help MSFT so well we have what we had here today ... my opinion that is Either that or I'm a month too late or a month too early to be buying. Indicator wise ... I really havnt been following them as much lately. Not that they are not useful; I was just not finding them useful to my chart analysis. I dont understand the part about when a indicator becomes 'oversold' and then it churns lower and lower or just churns and I watch the stock go lower and lower. Sean

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