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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: Teflon who wrote (26996)	7/21/1999 10:15:00 AM
From: Sir Francis Drake	Respond to of 74651

Mornin' all - market is snapping back from a short term oversell. The number to watch w/ MSFT is the old high of 95. Once broken to the upside, it became the first line of defense. Once broken to the downside, it becomes a resistance line. So, now a lot of traders short once MSFT comes close to 95. Just your usual market battles, not meaningful longer term. What is far more interesting, is where the market is heading. Right now there is a lot of technical action - profit taking followed by oversold snapbacks etc. The market needs to find direction. Everyone place their bets as to where - up or down! Good luck! Morgan