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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: fedhead who wrote (18124)	10/22/1998 7:13:00 PM
From: Gerald Walls	Respond to of 67861

I know this is a boring stock, but it looks to me like GE broke through key resistance today at about 85 by closing at 86-1/2 +2-5/8 on increasing, albeit slightly lower than normal, volume. At least this Dow component is no longer setting lower highs and today's action firmly breaks the downtrend line stretching back to the 96-7/8 peak on July 20 or so. In one of my few examples of good timing I actually added about 50% more shares to my GE position on Oct 9 at 70-1/2. :-) Too bad I didn't buy options instead... Next resistance at 91 and then the old high?

To: fedhead who wrote (18124)	10/22/1998 7:20:00 PM
From: Gerald Walls	Respond to of 67861

Microsoft ran into pretty heavy resistance at 110. Watching RT quotes I could see big ask volume come in every time MSFT made a run at it. 110 is the top of a gap that occurred in early October. MSFT's move came on declining volume.