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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (4234)	7/9/2001 10:22:27 PM
From: Hawkmoon	Respond to of 33421

Interesting perspective. I'm primarily watching for MSFT to hold $60. But if you look back at the MACD, you'll see that MSFT's "back" was broken and it's clearly in a downtrend. The most recent MACD indicates it's not likely to cross over into positive territory, thus likely setting the stage for increased selling pressure later this fall. I think this is a bear market rally for Mr. Softie, and all of those options they paid their employees with, will be rendered valueless as strike prices are subverted. That means they will have to pay cash to keep highly qualified help programming the bloatware. This won't be immediate and MSFT is getting over-sold short term. But I think the trend is pretty clear. MSFT just doesn't have many market left to penetrate (china doesn't want them, nor does Europe). Hawk