Trend Setters and Range Riders Message Board

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Strategies & Market Trends : Trend Setters and Range Riders

MSFT 459.87

+0.7%

Jan 16 3:59 PM EST

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To: Bob Biersack who wrote (21459)	7/30/2002 1:41:02 PM
From: Susan G	Read Replies (3) of 26752

Bob, watch the 20 EMA daily on the nas here...it just did a first pierce through, but is being sold now. This is the spot where shorts attack and could reverse this down... this is that huge resistance I've been pointing out on charts, that has been unbroken except for one other quick pierce in July, since MAY. 1347 is the 20 EMA line on the comp. 1350 needs to hold to rally more. Under, it will be sold, back above and we could rally more. If they are going to sell this market, it will be now. SP just did the same thing, pierced the 20 EMA daily, and pulled back. Do or die right here at these levels.

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