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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: Logos who wrote (8081)	5/27/1998 8:30:00 PM
From: Dwight E. Karlsen	Respond to of 74651

Yes I noticed that too. Definitely a sign of strength. The thing to remember is that MSFT was one of the first to capitulate from it's peak at 99. Since then there's been a lot of stabilizing/repairing being done, with 85 holding quite well. Of course on really nasty days like yesterday, even the Softie was bound to trade lower. But the point is that it stands to reason that MSFT, having already gone through it's corrective phase, is poised to move up, or at least hold strong to these levels.