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

To: goin HOG wild who wrote (18242)3/18/1999 1:06:00 PM
From: Teflon  Read Replies (1) | Respond to of 74651
 
It's not a matter of "if", but "WHEN"??????eom

This trading today is EXTREMELY BULLISH. I think MSFT may provide some of the leadership the DOW and the rest of the market is anxiously looking for.

Teflon



To: goin HOG wild who wrote (18242)3/18/1999 1:49:00 PM
From: RTev  Respond to of 74651
 
The resistance at 170 is enormous.

Big, but not enormous. 175-176 would represent a double top, matching the 2/1 high of 175 15/16. That's enormous pressure, but it will face it at just the right time: shortly before the split when other factors can push it right through such technical resistance. Of course, it all just means an even bigger sell-off when the trial resumes and is finally decided, but that's not on the fickle radar of the market anymore.


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