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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Joe S Pack who wrote (5159)1/27/1998 1:31:00 AM
From: Chris  Read Replies (1) of 42787
 
i expect msft to test 145 resistance.. time frame not too sure.. we could have a pullback soon.. (not much)...

i suspect pullback will be to 136. (9 day ma)

i also believe after some "attacking on 145 resistance", msft will hit to new highs to 155-160..

this is sharp contrast when i was bearish only 3-4 weeks ago <ggg> on the mkt..

but hey, things do change that fast...

my reasoning for 155-160?? weekly charts show bullish readings..

we got "trend as our friend"

will join you on the msft trade as soon as pullback is seen.. looking at msft as a longterm trade... not a short-term play..

Chris
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