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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Augustus Gloop who wrote (20886)	6/7/1999 3:03:00 PM
From: Gottfried	Read Replies (1) \| Respond to of 34811

Naz, MSFT already hit 81+ today, giving it the first buy signal since April [when it came down to 90]. Gottfried

To: Augustus Gloop who wrote (20886)	6/8/1999 9:21:00 AM
From: Tammy DeRosier	Read Replies (2) \| Respond to of 34811

I really like that MSFT too at the 82 level on that breakout from the nice base. If the breakout is wrong you still have a good stop loss point at 75 and a lot room to move up to test old highs.

To: Augustus Gloop who wrote (20886)	6/8/1999 4:59:00 PM
From: Zeev Hed	Respond to of 34811

Nasdaq, I would worry about MSFT here, it has traced today something very close to a "gravestone Doji", something more frequently encountered with down reversal than up reversal. I think there is a pretty good chance that it will not only retest the $75 area, but actually breach it in the next few weeks. With all the downgrades in the box makers because of expected weak fourth quarter sales, you got to ask yourself to whom will MSFT sell if the box maker do not ship much "stuff". Good luck out there. Zeev