Ask DrBob Message Board - Msg: 17417153

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Strategies & Market Trends : Ask DrBob

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To: indexit who wrote (58524)	5/3/2002 6:56:15 AM
From: shoreco	of 100058

indexit, Re: MSFT.... It's funny you mention MSFT around 49ish and change. I see MSFT dipping just below 50ish and then it will have made another trip to its lower channel. photos.yahoo.com I'll keep saying this to I'm blue in the face and I hope I don't have to come up full of mud, but my indicators and charts are all pointing to an area that is much closer to a tradable bottom than most are expecting. I'm not trying to catch a falling knife either. I've been buying the QQQ's just under $31ish. I'm looking for MSFT around $50ish. I've also put GNSS on my screen because it has been mentioned here before, so I have a buy order around $21ish. Anyway, the big topic now is how the QQQ's close below their Monday low. I have to admit, this is exactly what I expected them to do. We have been making lower highs and lower lows since the top, but we always make a round trip to the upper line, even though the upper line is heading down. EOM Shoreco PS Thanks for taking the time to run the contest. The more I look at my picks, the more I think I should of shorted my long and longed my short.... More couldawoulda's...LOL...

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