How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 476.99

+0.6%

3:59 PM EST

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To: Paul Fiondella who wrote (4559)	12/31/1997 12:15:00 PM
From: Mikey	Read Replies (1) of 74651

What I was asking was IF the double top has already happened? First high 7/17/97 149.50 Second high 12/8/97 146.13 Distributive volume at first high. Low volume at second high. Decline of 13% to 130-ish in between (needs to be 15%-20%). Support at 130-ish broken thereafter. So does anyone out there who is experienced with technical analysis see this as a double top or something else? I have loaded up in last two days on Jan 130 Puts. If I'm right, I'm happy because I make money. If I'm wrong, I'm happy because then hopefully the whole market isn't going down the toilet in '98. M.

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