Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (1331)	11/16/1999 2:51:00 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

Bought MSFT Nov 80 MSQ WP Puts @ 1/8. Must be willing to lose entire premium. Speculation only. Best Regards, J.T.

To: J.T. who wrote (1331)	11/18/1999 10:41:00 PM
From: J.T.	Respond to of 19219

MSFT is a thorn in side of the DOW and will limit upside gains right now just as IBM was a problem when the DOW broke down in mid September until just recently. MITA 1,312 mentioned MSFT rounding top at 90 with overhead supply at 90 1/2 to 92: ...<MSFT has put in a perfect "W" formation and found resistance at 90 and now turning back down. Serious overhead supply between 90 and 92 1/2. I have DEC out of money puts>... quote.com chart (type in msft)has a better 15 minute chart than this IQC: iqc.com. ------------------------------------------------------------------ I mentioned MSFT in MITA 1,331 and a close below MSFT 86.25 would be very Bearish: ...<MSFT close at or below MSFT 86.25 will complete its rounding top and commence the break-down of this very important stock to broad market>... We have now had two closes below MSFT 86.25 at this MSFT 85 level. ------------------------------------------------------------------ MSFT is below its important 200 day MA of MSFT 86.43 MSFT is below its 50 day MA of MSFT 91.48 Smoothened out on a short term basis: MSFT is below its 10 day MA (MSFT 88.06) and 39 day MA (MSFT 90.68) Needless to say all of this is BEARISH and MSFT looks sick. Disclaimer: I have Nov and Dec puts in MSFT. Best Regards, J.T.