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

To: Clint E. who wrote (19939)	2/18/1999 1:02:00 PM
From: shasta23	Read Replies (1) \| Respond to of 70379

If MSFT can't close at or above yesterdays close it will have broken the uptrendline it held above since October. It would also be a confirmation of a close under 50SMA. That can be considered the sign of a new chapter which might be sideways action for MSFT. The question is if the NAZ can go higher when key players like MSFT and Dell show considerable technical damage? Like i said...the NAZ is in a downward channel(raff regression channel) and need to take out 2325 to break out of it. We'll see. I will take a little brake in trading and wait for the winds to calm. I also was getting into bad habits of making intraday trading decisions which i almost always regret. I need to have cleared entrance points the night before and looked at the chart undisturbed from market action. Stefan