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

To: bobby beara who wrote (14669)	8/11/2001 7:07:59 AM
From: Justa Werkenstiff	Respond to of 52237

Bobby: MSFT broke down from its rectangle and now we say it is in a megaphone. I think it is a Dow stock in a sagging bra formation and the powers that be keep trying to hold it together so gravity does not take its natural course. Looks like it found its nipple off the 200 DMA and could complete the cup on the upswing. Bottom line is that it is at best a trendless stock. But a trendless stock in a trendless market with a downward bias is par for the course. In fact, MSFT is the poster boy for that environment. Funny, how MSFT and INTC hold together while something like Radio Shack makes new lows on a daily basis. With that said, I am not bearish here. Closed my shorts yesterday and went long some. But with the type of stocks making new lows on a daily basis in the Nasdaq I don't see much of a rally here. We will probably get just enough to frustrate the bears.