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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (78021)	6/5/2001 2:31:28 PM
From: t2	Read Replies (2) \| Respond to of 99985

If MSFT heads up, so is the Nasdaq and QQQs. There are a lot of bets made by hedge funds..shorting the Nasdaq stocks, particularly the QQQs (Naz100). MSFT makes up almost 10% of that index. It has now a higher relative market cap on the Naz--thanks to the tech wreck of earlier this year combined with the gains in MSFT at the same time. That means there will be a attempt to push it below this level of 72.25 ---it has been around that level for so long today. If they fail, watch this one move! It will be no longer just about a stock but an entire market(Naz). IMHO, when it does break out, the speed of its move to 81 is what is going to be interesting. I am expecting a very rapid rise to test the next level of resistance. There will be a lot of short covering that gives it that big push. Maybe only a couple of weeks to hit 80 once it breaks free of 72. (of course an Appeals decision could even do it faster) The Appeals Court ruling has to be in for this to possibly break past 81/82. My targets might seem aggressive but I am expecting it to unfold like this. For now, breaking past the resistance is the key. --------------------------------------------------------- Here is a MSFT trader's technical view on the stock. Above was just my response (with a minor change) to it on the MSFT thread a little earlier on. Message 15896424