Microsoft
Corp (NASDAQ: MSFT)
Market Call™ for September 15, 1999
Contributed by Mark Seleznov, TrendTrader.com.
The purpose of this Market Call section is to
educate readers in technical analysis patterns and indicators. As with all investment
information, you need to research information and consult your financial advisor before
initiating any strategies that are contained in Market Call.
Also, you must realize that as with all trading strategies,
opinions can change quickly depending on market conditions and developments.
This column tries to present historical examples, potential set
ups, and examples of entry and exit strategies.
Also, you must realize that as with all trading strategies, opinions can
change quickly depending on market conditions and developments.
This column tries to present historical examples, potential set ups, and
examples of entry and exit strategies.
Let's look at Microsoft Corp., (NASDAQ: MSFT).
Over the last week, MSFT has been range bound between 93 and 96.
The markets in general, the markets have been whipsawing traders over the
past week.
When the markets are in a tight range, the stock and market has a real
battle going on between buyers and sellers. The breakout of a trading range
can establish a new trend in the direction of the breakout.
The way to play a stock with pattern would be to place orders above
resistance to Buy and under support to establish a Short position.
An economic number being released can help establish the new trend in the
stock.
In MSFT, placing a Buy Stop order at 96 and a Short Sale order at 93 would
do this.
The stop should be placed at the other pivot point and move according to
market conditions.
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Mark A. Seleznov is a General
Securities Principal and Managing Partner of Trend Trader, LLC, a NASD, SIPC broker/dealer firm located in
Scottsdale, Arizona. A professional trader for over 25 years, Mark was a Market Maker on
the Philadelphia Stock Exchange, a Retail Registered Representative, and futures trader.
Mark is an author and recognized expert in equity Day Trading. He conducts seminars in
Equity Day Trading and offers his firm traders training and support. If his firm holds any
positions in the public companies he writes about, it will be noted at the bottom of his
article.
Market Calls is a daily syndicated column on trading by Mark A. Seleznov, Managing Partner
of Trend Trader,
LLC. For information on obtaining Market Calls for your web site,
newspapers, or publication, contact Trend Trader, LLC at 602-948-1146
Disclaimer: Trading in securities may not be suitable for
all individuals. Consult your broker or other professional to determine your suitability.
This is not an offer to buy or sell securities. The advice given above is of a general
nature and should not be taken as a recommendation to buy or sell the referenced security.
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1998-2000 Tulips and Bears LLC.
All Rights Reserved. Republication of this material,
including posting to message boards or news groups,
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Last modified: March 17, 2001
Published By Tulips and Bears
LLC
