Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Raptor's Den -- Ignore unavailable to you. Want to Upgrade?

To: sandeep who wrote (1631)	7/9/2002 12:10:00 PM
From: AllansAlias	Respond to of 10157

We have been talking about MSFT in a coil with a trip to north of $56 before the next down leg. It has remained in the coil and we wait. You are not reading the posts. We did not say "it's headed down, so get short". Market cap implies how the investors look at the stock - is that not obvious. No, that's delusional. If this logic had any value, then we'd simply go long the companies with the biggest market-cap. That clearly does not work. all I see from May is higher lows and marginal new highs. How can that be bad for the stock Simple -- it's a coil. That stock moves sideways in a pattern where you get converging lines. Eventually, usually, it busts out of the coil with some gusto. The read on MSFT is that that move will be down. There is no use in discussing it's movements hour by hour. We don't care. It's all wiggles until it moves out of the coil.

To: sandeep who wrote (1631)	7/9/2002 12:12:48 PM
From: herry iball	Respond to of 10157

you forgot to mention that the last few tops were also lower highs, with bearish divergences on CCI, Stoch, and MACD. Also, higher lows are not necessarily bullish, as they could be forming a rising wedge into resistance or a bear flag. FWIW. :o)

To: sandeep who wrote (1631)	7/9/2002 12:21:09 PM
From: Shack	Respond to of 10157

Weird sandeep, you talk about emotion influencing analysis but it seems that you are the frenzied MSFT bull here. Your argument is that investors have run the market cap so high they are likely right? That's nuts. And as for the chart.... Its really quite simple to me. Basic TA says that coil is a near perfect upward sloping triangle and if it is, then it is likely a continuation pattern fortelling new lows. No emotion, no bias, just objective analysis. I could care less about the company. Inside two weeks we will know if that's right, it may not be, but it is my favoured scenario. My only concern is how obvious it looks, although your interpretation infers that it may not be as blatant as I think.