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

To: sherlockgerlach who wrote (2044)	12/16/1999 10:44:00 AM
From: J.T.	Read Replies (1) \| Respond to of 19219

sherlockgerlach, my apologies for not getting back to you in a timely matter. To make it worse, my computer went down for over an hour right before the market opened and after my post to Magnatizer. I got locked out and shut down on S.I. and the market. Unfortunately, I missed out on re-entering MSFT today and it has already hit my MSFT 115 target. I would now wait on MSFT unless you are already in. If you are in, the next time MSFT gets above 115, put in a stop at 114 1/4 so you don't get whipsawed but will also give MSFT a chance to run to 120. Raise your stops from 114 1/4 as MSFT heads higher to this 120, if it occurs. You are also playing with hot potato on MSFT with DOJ ruling between now and Feb. So take your profit and run when you get the chance. Technicals are still bullish on this stock. If you are not in this stock, wait for 105 1/4 to be tested and then go in. Bonds are becoming an ever increasing problem for this equity market. Best regards, J.T.