PSFT - 1997 Outlook [closed thread] Message Board

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Technology Stocks : PSFT - 1997 Outlook [closed thread]

PSFT 0.0001000

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Oct 29 5:00 PM EST

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To: Chuzzlewit who wrote (265)	9/3/1997 11:50:00 AM
From: Melissa McAuliffe	of 940

I think that PSFT has started its upward move. This will be the fourth day that it has broken above its previous downtrend line and is now in a confirmed (using TA) uptrend. I also believe(if I remember correctly) it has also broken above its 50 day MA I am not saying here that TA is necessarily correct. However, I have been reading about TA and then applying what I have read to charts and it is interesting to see how often the TA makes sense. Not that fundamentals are not also important but view TA as just another tool. Either way, I am very happy with PSFT this week. Melissa

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