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

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To: Chris who wrote (2392)	7/12/1997 10:08:00 PM
From: sean sanders	of 42787

Chris, Looking at MSFT here... First of all taking a weekly outlook MACD 8/17/9 is going down and there is a 'slight' negative divergence in the two "hump" sequence. RSI is also negatively diverging. Stoch is almost crossing the trigger on a upswing from the 60 range and is also negatively diverging ... I noticed with MSFT that a negatively diverging stoch in the nov 96 also occured, but this only temporarily slowed the upswing. On a daily out-look stoch has crossed it's trigger 2 days ago(sell trigger) and is headed up. Msft is moving up on less volume and Money flow index is showing this. RSI is also in negative devergence. TRIX is also in negative divergence and it recently crossed it's trigger(sell). EOM is rising and has crossed it's trigger 4 days ago(buy). St. dev. is flattening out. Candle-wise 3 days ago there was a "weak" hanging man which is an uptrend reversal signal... followed by 2 black spinning tops which are close to a doji appearance. Looks like we have some support at the 126 level... now resistance appears a little tricky - devided between the longer short term one at 142 going upward and the shorter one going slightly below horizontal with resistance at ~132. My take on MSFT is ... I'd hold it until either it breaks below the lower resistance with some support either from volume or other indicators and/or wait for the cross of stoch and see what-happens ... this stand point is from a medium length stand-point say a 14 day out-look... Not a 4 day or less(my short term in the past has referred to this time period). I'd also have a nice sell-stop in place with enough room for a high volitile day(but the close better be above the support...). I'd also be very wary if we see a full black candle in the next day or two(with this it would probably push through the support level). One note is that even if the close pushes through the support level ... if it does so on low volume it might just run back in place ... ie "trader's remorse" Looks like you should be finding out things in the near future 2-3 days... Sean Sanders hope this helped

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