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Strategies & Market Trends : 50% Gains Investing

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To: Jon K. who wrote (6123)	5/16/1999 3:56:00 AM
From: Dale Baker	Read Replies (2) of 118717

I am looking for some MSFT groupies or TA experts to validate a theory I have had for a while but never played - which is that MSFT is usually a good buy when it pulls back 20% from recent highs and an outstanding buy with a pullback greater than that. Problem is, MSFT is breaking its upward channel now with first support in low 70's and then around 60 after that. Could be a 10-point drop if we guess wrong. Here is a three-year weekly chart. Opinions are welcome. members.theglobe.com

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