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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: stevenallen who wrote (31533)	3/8/2003 9:22:32 AM
From: Techplayer	Read Replies (2) \| Respond to of 57110

Nice job with IMCL Steve. Did you end up going home with your short positions this week? I only ended up with some GFI picked up towards the end of the day at 11.30. I am also interested in MSFT in a big move down. I have been thinking that since it is likely to move in parallel with the markets, the near term price may hold high 18's assuming the next leg down on the DOW to hit maybe 600-700 points below October. What do you think?

To: stevenallen who wrote (31533)	3/8/2003 11:28:33 AM
From: Jorj X Mckie	Respond to of 57110

considering that I covered my IMCL for a loss, I consider my play in the same category. Only offset was that I made some of it back when I went long for about 10 min accidentally. MSFT...not sure. I am see some bullish divergences here and there. The action lately has been burning off a lot of the overbought condition. However, this is similar to what happened last year at this time.

To: stevenallen who wrote (31533)	3/8/2003 12:15:18 PM
From: Sojourner Smith	Read Replies (2) \| Respond to of 57110

looking at common, though often unreliable, indicators MSFT looks like a buy to me: Stoch crossing up through 20. Chaikin crossing up through center line. DMI converging below ADX. MACD bouncing off a cross-down (this one is not set up very bullish yet) Also a bullish engulfing pattern, though the day before was green. I am not buying it though, but definitely not a sell IMO. This climate reminds me of all the bulls in Nov, everyone is assuming we are going to continue the trend. IMO we going to have some wild swings for awhile.