How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 485.49

+1.8%

Nov 26 3:59 PM EST

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To: Teflon who wrote (18514)	3/22/1999 9:28:00 PM
From: Kevin Podsiadlik	Read Replies (1) of 74651

Gary B. Smith at TSC is a whiz at charting. One recent article highlighted NEON as having a cup-and-handle pattern from Feb 1-23: thestreet.com The rest of the story says a lot: as Smith foresaw, when NEON broke $65, it kept on running, right up to $75. But, when it got there, it ran smack into rule #1 of technical analysis: News Trumps TA Every Time. On another occasion Smith cited DDDDF as an example of a gigantic (5-year!) cup and handle pattern: thestreet.com

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