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

To: Brian Sullivan who wrote (60500)	8/10/2001 12:49:25 PM
From: David Howe	Respond to of 74651

Sandeep is referring to the 200 day EMA which is around $65. You guys are looking at the 200 day SMA which is around $62.7. I suspect that each of these acts as support. Weak support at this time, IMO, if the market continues downward. Of course there's always the chance that the Nasdaq will recover above the recent (July) lows of 1934 or so. If it does, there's a chance of a move higher. Good luck, we're going to need it. Dave