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


To: TREND1 who wrote (20599)10/3/2001 7:23:06 AM
From: Jerry Olson  Read Replies (1) | Respond to of 52237
 
Morning Larry

MSFT is another bottom fish play as are almost all stocks?..

it's well below the BRL on P&F...currently trading sideways and trying to build a base...

my guess it will back and fill for the balance of this month...53 the top and 48 the bottom...

54 is a double top buy signal but with a big caveat...there's an awful lot of uncertainty in this market for an INVESTMENT position..a trade sure...

if this market rolls over here after this so so rally..and breaks the 48 area MSFT could plunge...that would be a triple bottom breakdown area...

this stock is a trade only....right now...

regards

OJ



To: TREND1 who wrote (20599)10/3/2001 8:47:46 AM
From: Dana Johnson  Read Replies (1) | Respond to of 52237
 
The moves on MSFT are encouraging. I guess the point & figure scale I used is a little more conservative. I would expect to see a bottom form similar in shape to the tops that appeared in late spring. I think we have good trading opportunities!