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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: Challo Jeregy who wrote (21013)	7/22/2002 4:57:51 PM
From: Susan G	Read Replies (1) of 26752

Updated MSFT chart... I just had to look at that weekly again, and on the daily, that triangle/wedge it's been in since April finally broke. On the weekly the symmetrical triangle broke to the downside, and then the descending triangle. Those are pretty bearish, it needs to hop back above 50 and the broken triangle support line fast or it's going to test those lows at 40. Double average volume today too. weekly mywebpages.comcast.net dailyhttp://mywebpages.comcast.net/slhg/files.html/Microsoft.Daily.jpg Here's the bearflag last week (17th) after it did that first break to the downside. broke.http://mywebpages.comcast.net/slhg/files.html/Microsoft.Weekly.jpg It was so sick today, I watched it all day. It was a clue that all rallies were shortable. The nasdaq needs MSFT to participate fro any rally to hold more than a few hours...

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