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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: driverxxx who wrote (17099)	5/11/2002 4:48:48 PM
From: Susan G	Read Replies (3) \| Respond to of 26752

Driver you got me curious as to how msft did hold 50 at the close. I had been watching it on a 30 minute chart, so I decided to take an up close look. What an education in bearish chart patterns! Classic examples and predictable results. What a beauty of a 2 day swing trade short that was. Looks to me like the shorts were so pissed, the shorted the crap out of it at Wednesday's close and were relentless in getting back every darn penny squeezed out of them back into their own pockets <g> Anyway, msft did a perfect gap fill, Broke into the gap by a fraction but I think it qualifies as a perfect fill! msft 15 minute chart mywebpages.comcast.net So after doing this 15 minute chart of perfect bearflag continuation patterns, what I was posting about all day yesterday on the NDX (and people I'm sure thought I was nuts because the stocks and futs were moving up in the flag and it looked like a rally on the way), I looked at a one minute chart to see exactly what kind of action was going on at 50 that held it there. Buyers waiting and shorts with buy to cover bids I guess, knowing it was a short term support area. It put in a triple bottom there. msft 1 minute chart from Friday's close mywebpages.comcast.net But what was so interesting to see on the 1 min was there was the perfect example of an A-B-C correction which I had mentioned on the 15 min chart and was going to search for an example of. This one is a beautiful one, even though it failed at the close. A-B-C patterns require C to be a higher low, Although the wick of the candle was not higher, the body was so I think it still qualifies as a good example. But more of a higher low for C is preferable. So as of the close, msft is testing an important area of support and triple bottom at the open Monday. Something that will be worth watching right at the open as it may be very telling for the day or even week on the NDX. Whether this area holds as support will depend totally upon the huge test coming in next week on the NDX - the retest of the September lows which we started anew after Wednesday's ramp. It's no longer a question of will there be a retest, we are doing it NOW the question now is will it hold! September lows are only 53 pts away on the NDX, so this week will be dramatic. Either a huge reversal or a meltdown is in the cards. Here's how close we are on the NDX. The compx is not as close to retesting the lows yet. COMPX is 173+ points away from testing the lows. The spread between the two indexes has been widening by the day lately...the bio and tech heavy NDX is breaking down at a much faster pace than the COMPX. mywebpages.comcast.net Options expiration and a ton of economic numbers will make it even more of an exciting and volatile week <g>

To: driverxxx who wrote (17099)	5/12/2002 10:45:30 AM
From: Susan G	Read Replies (1) \| Respond to of 26752

Europe Said to Plan Tougher Line Than U.S. on Microsoft By FRANCESCO GUERRERA and BIRGIT JENNEN, FT.COM Microsoft faces having to make radical changes to meet European regulatory concerns that go well beyond what is being demanded of it in the US. After a three-year investigation, European antitrust regulators are studying wide-ranging measures to prevent Microsoft from using its strong position in the software market to injure competitors, according to people familiar with the case. They are said to be minded to take a tough line against the company, though final decisions have not been taken. The measures under consideration would force Microsoft to change the way it produces and sells its Windows operating system and Media Player software, and to provide a large amount of technical information to competitors. They would go well beyond the terms of last year's settlement between Microsoft and the US government, which also investigated the company's alleged anti-competitive practices, and could further sour relations between the two antitrust authorities following last year's high-profile spat over General Electric's $43bn takeover of Honeywell. William Kolasky, who heads the US antitrust division's international affairs, this week said monopoly leverage cases remained an area where European Union policy had been "unduly protective of competitors", a thinly veiled reference to the Microsoft case. People familiar with the matter said Mario Monti, European competition commissioner, and his officials had still not decided what measures to impose on Microsoft. They warned that discussions were still at an early stage and any decision on possible fines, which could total up to 10 per cent of Microsoft's turnover, was months away. Microsoft and the commission declined to comment. However, it is understood that the authorities are considering asking Microsoft to separate its media software Media Player from Windows. Microsoft's rivals, led by AOL Time Warner, have alleged that incorporating Media Player as a standard feature of Windows gave the software an unfair advantage over rival programs, such as Real Networks' Real Player. Microsoft rejects the allegations. One solution being studied in Brussels would be to allow computer makers to choose between a Windows with Media Player and one without it. Such a move, which would force Microsoft to produce a slimmed-down version of Windows, is much more radical than that favoured by the US company. Microsoft is understood to be willing to negotiate a solution similar to that agreed with the US government and some states, which allows computer makers to hide the Media Player icon from desktops but not to remove the entire program. The commission is also considering asking the company to provide a host of technical information to rival makers of servers - large computers that are the gateway to the internet and e-commerce. nytimes.com