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

To: Arik T.G. who wrote (13016)	7/27/2001 9:43:30 AM
From: yard_man	Respond to of 52237

I think the market will adjust and MSFT will go to the mid 50s. I'm no cycle guy or e-wave gru, but I think by Tuesday we will know, one way or t'other ...

To: Arik T.G. who wrote (13016)	7/27/2001 10:12:27 AM
From: Paul Shread	Read Replies (2) \| Respond to of 52237

>>MSFT should go to mid 50s<< Yes, that's the safe bet. But then there's that troubling rising wedge off the December 40 low that broke yesterday. A little too long in time to be considered a real wedge, but interesting nonetheless. >>that conflicts with how the market looks right now<< I would (and am) giving the benefit of the doubt to weak chart patterns in leading stocks. Remember the broadening top in JNPR in October, when everyone was busy looking for a bottom? Based on broadening patterns in MSFT and PSFT, software should lead the next leg down.