How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 480.03

-2.4%

9:42 AM EST

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To: Sir Francis Drake who wrote (23233)	5/25/1999 7:54:00 PM
From: Gerald Walls	Read Replies (2) of 74651

t2K - I have no more of a crystal ball than the next guy, but purely technically we should be nearing a short-term end to the sell-off. The McClellan oscillator is approaching oversold levels for several indices (and some of them should bounce off their 50 DMAs). OTOH, according to IBD 60.9% of newsletter writers are bullish, which is an extremely bearish number. The five-year high is 61.2%. The last time this reading was at the current level was back in February at the start of the last correction.

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