Trend Setters and Range Riders Message Board

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Strategies & Market Trends : Trend Setters and Range Riders

MSFT 492.01

+1.3%

Nov 28 9:30 AM EST

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To: Susan G who wrote (18882)	6/5/2002 4:21:04 PM
From: the-phoenix	Read Replies (3) of 26752

>>It was the top of the flag an where a ton of stops were<< By that I assume you mean that you drew a line parallel to the trendline up through the intraday lows, thus drawing a "flag", but there was really no specific resistance level at 87 that I could see. >>you saw the result with that buy program. << Actually, the sharp move and volume started at 1180. It paused for a few seconds at 1187, pulled back about 2 points, where I failed to pull the trigger and jump on, then ran up from there. I was watching the DOW for an early signal but the NQ moved sooner. Must have been the ORCL rumors that set the thing off. It was ready to explode, just didn't know which way it was going to go. Like most of these sharp rallies, I didn't manage to get aboard, hating to chase. When I bought the first pullback to the 20ema2, I bailed very quickly, as the NQ rose while the TICK was falling. Left most of that second push on the table, I'm afraid.

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