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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: David Freidenberg who wrote (60498)	8/10/2001 12:23:25 PM
From: sandeep	Read Replies (1) \| Respond to of 74651

That average has moved up due to the action in the stock in the last 3-6 months. MSFT stock is now WAY below its 200-day ema.

To: David Freidenberg who wrote (60498)	8/10/2001 1:03:34 PM
From: werefrog	Respond to of 74651

"why do you not consider the 200 dma at 62.68 as support?" I've tried using several ma's to come up with support when I was strictly a position trader. I got that 51.06 from spreadsheet data. If you look at a 1 yr chart you will see support at that level, then look up the actual number on a spreadsheet. The traders I'm in contact with position, swing, and day trade, none or very few, of them use ma's. They glance at a chart and see support, make a round trip on a stock before I can even figure the 200 day ma. Since I'm not fast enough to be a pure day trader, and I don't wish to be bored to death by only position trading, swing trading is my forte. Frog