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To: Clappy who wrote (5160)6/15/2001 12:16:16 PM
From: UnBelievable  Read Replies (1) | Respond to of 209892
 
MSFT Bouncing Up Off The Bottom Of Its Gap At 67.25

a level that was also key to its continued up swing this AM.

If this holds it will be a higher low, with the next question being can it take out its high for the day, at 68.25.

If it can do that and not go lower than 67.25 after having done so, it should be good to go for a test of the top of the gap, the bottom of it uptrend line and it 50 SMA all at about 68.75.

Closing above that point will provide the Bulls with hope. A close below 66.70 would be very ugly, below 68 would be very Bearish, with any close in the red bearish being considered a failed attempt to regain its trend and rejection by the 50 SMA



To: Clappy who wrote (5160)6/15/2001 2:38:21 PM
From: Shack  Respond to of 209892
 
Agreed on the obnoxious length of the 'B'. This is a classic way to end it, with a flush.

Hard to get my head around a 'C' ever getting off the ground but the sentiment is starting to support it, thats for sure.


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