How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 469.45

-1.0%

10:19 AM EST

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To: werefrog who wrote (6297)	4/28/1998 6:53:00 PM
From: Bald Man from Mars	Read Replies (1) of 74651

<< Charting is good for amusement to tell you where the price has been, unfortunately, it won't tell you where it is going. Short term, Press Releases are much more important for that. Have a nice day.>> So, you are saying looking at the charts will not tell you anything regarding the likely direction of a stock movement, I can tell you that there are billions and billions of people using different technical tools to achieve very good results. You are not shooting for 100% correction on chart intepretation, you make a decision based on your intepretation, and there will be times you are right and there will be times you are wrong. The idea is when you are wrong, like in the case of MSFT at 90, I am thinking it is going to 80, but if it turns around and gets back to 95, it implies that I am probably wrong, and I will cover. I think you can improve your odds by charts/indicators ...

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