Monday, December 29, 2008

MSFT

Here's MSFT on a daily timeframe. Still in a downtrend and below the 10, 20 and 50 day moving averages.


On a 20-day, 30-minute timeframe MSFT has been putting in lower highs and finding support at 18.90. It headed down this morning and tested the support.
On the 10-minute timeframe the trend is down and it broke the support at18.90. I bought a put when it broke the support and I've place my stop around 19.30

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