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

To: t2 who wrote (28889)8/30/1999 1:59:00 PM
From: Teflon  Respond to of 74651
 
I'm with you, t2k. This week presents a wonderful buying opportunity for the average investor. This week will be a low volume, slow session type of week as most people are on vacation. The week leading up to Labor Day is always weak, and it's also the first week of the US Open in NYC, so half of Wall Street is out in Queens.

My suspicion, however, is that the whole week will not be weak, and some serious money will come into the Market before the weeks out in anticipation of beating the post Labor Day rush of people and $$$ returning to the Market.

I reiterate my belief that MSFT is behaving very bullishly at these levels, and she/he is poised to move higher in the not so distant future.

Teflon



To: t2 who wrote (28889)8/30/1999 2:27:00 PM
From: codawg  Read Replies (1) | Respond to of 74651
 
Stock performance seems very closely correlated to long bond movement these days. Bonds move first, then stocks follow. When the bond yields trend higher the stock market acts weak - like the last 3 trading days.

This may seem obvious, but the correlation seems much tighter than usual to me. It's probably to be expected with the late summer light volume.


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