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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: sandeep who wrote (5526)	4/10/2001 5:01:21 PM
From: Jacob Snyder	Respond to of 52237

re: MSFT chart: siliconinvestor.com Yes, all the lines are converging, and MSFT is at a critical juncture now. The line cutting off the tops of the rallies since the late-1999 peak (using log chart), the 200W MA, the 200D MA, they are all at 60-63. Unfortunately, we are in a bear market, and the trend is down. That means resistance is hard to break, while supports hold and hold........and then fails. Which is what MSFT has been doing since I bought LEAPs last May. If we stall here, I'm seriously thinking about taking my losses, and moving to the sidelines, with MSFT. In a bear market, rallies are an opportunity to sell. JS@selltherally.com