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 (1652)	12/1/1999 4:53:00 PM
From: J.T.	Read Replies (2) \| Respond to of 19219

MSFT finally closed above 92 to MSFT 93 3/16. A second close above MSFT 92 would meet minimum requirements for potentially higher prices but a close above MSFT 94 would signal break-out. Will tomorrow be a false reading or the start of the big move up? I bought MSFT Dec 85 puts on the first whipsaw pullback at 7/16 believing we were going to close weak into the bell again. At first this started to slide moving falling hard from 93 15/16 to 92 5/8 only to see it turn back up at the bell. I will buy DEC 100 out of money calls for a strangle if this is the beginning of the move up or MSFT DEC 105's if it breaks-out above 94 hard. Best Regards, J.T.